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Currents 094: Matthew Pirkowski on Blockchain Consensus Mechanisms

The Jim Rutt Show

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The Difference Between a Proof of Stake System and a Protocol Closure

The goal of proof of stake systems is to generate essentially worlds of constraint-based relations unto themselves that can generate a free-floating set of interactions. Cardano built much richer syntax and semantics inside its membrane before it closed it, he says. But the interesting thing is, as soon as it actually has to make a stable set of relationships outside of itself, it starts becoming more subject to constraints.

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