Ethereum Casper IMPOSSIBLE? VDF Explained

9,345 Views · Posted 5 years ago

Ethereum Casper PoS algorithm is not possible without proper randomness. The reason is because we need a way to unpredictably elect block validators in order for the system to work. Today we will talk about why randomness is so difficult on a public blockchain and how the Ethereum Foundation is planning to solve this issue. This both a software and a hardware issue.

https://medium.com/prysmatic-labs/ethereum-2-0-casper-sharding-development-update-14-prysmatic-labs-349a97a8c627
https://ethresear.ch/t/verifiable-delay-functions-and-attacks/2365
https://www.youtube.com/watch?v=qUoagL7OZ1k
https://slideslive.com/38911623/ethereum-20-randomness

GET FULL ACCESS TO THE ACADEMY: https://christmas.ivanontech.com
LET’S MEET IN NEW YORK: https://www.facebook.com/events/452734075131412/

💰 GET $10 TO BUY YOUR FIRST CRYPTO: https://www.coinbase.com/join/59d1738ff36136022bd9ee10
🏆 BUY PHYSICAL BULLION GOLD: http://www.bullionvaultaffiliate.com/ivanli/en
📈 BEST ALTCOIN EXCHANGE: https://www.binance.com/en?ref=35933746
🔐 BEST WALLET: https://www.ledger.com?r=5a56aa023b40&tracker=IOT

Good Morning Crypto

🎓 LEARN SMART CONTRACT PROGRAMMING http://coding.ivanontech.com
🎓 Join my online academy https://academy.ivanontech.com

👬 Join the crypto discussion forum - https://forum.toshitimes.com
📣 Join Telegram channel https://t.me/joinchat/AAAAAE2xJE4l8xhC8MU4cg
🎤 If you would like me to speak at your conference, book me here: https://ivanontech.com

#bitcoin #blockchain #ivanontech

👫👭👬Social:
LinkedIn: http://linkedin.com/in/ivanliljeqvist/
Instagram: http://instagram.com/ivanontech/
Steemit: https://steemit.com/@ivanli
Facebook: http://facebook.com/ivanontech/
Exclusive email list: http://eepurl.com/c0hyc9

DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make.

Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, different altcoins.

Ivan on Tech by Ivan Liljeqvist

Video Tags

#ethereumcasper, #ethereumpos, #ethereumvdf, #ethereumrandomness, #ethereumposvdf, #ethereumprice, #bitcoin, #ethereum, #litecoin, #ripple, #iota, #bitcoinprice, #altcoinprice, #investing, #analytics, #differentaltcoins

Posted By