Blockchain : Proof of Meme – New approach to consensus
Hi there, sharing some information on a new reputation based consensus model we’re working on at Constellation. Happy to field any questions on this thread.
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Why PoM?
Video explanation: [https://www.youtube.com/watch?v=ABRX43HZVmI&t=22s](https://www.youtube.com/watch?v=ABRX43HZVmI&t=22s)
When reformulating our delegate selection model into one that performs consensus and validates transactions on Constellation based on an ‘actors’ past behavior on the Constellation network leads to a fairer, more democratic economic society that can thrive within it – we call this new consensus model “Proof-of-Meme”. To explain what this means more fully we can explain the following:
Richard Dawkins in his book, “The Selfish Gene” (1976) coined the phrase ‘Meme” and “Memeplex” to be where certain behaviors in a society are beneficial for an individual, due to the fact that they increase the likelihood of that individual spreading their genes, and thereby surviving. This is the fundamentally the process of natural selection and conveys the same logic to ideas and inventions, whereby there is a competitive landscape into which ideas are distributed and some survive and spread while others die out and wither. Dawkins concluded that in many areas into which a ‘thing’ spreads there is a natural selection process. He concluded that there was such a selection process and, to emphasize the parallel to natural selection, he coined the term “meme” which come from an ancient Greek root, “mimeme”, meaning imitated thing. Dawkins has also referred to memes as “mind viruses. The point he is trying to make with this statement is that memes, just like viruses, are indifferent to the welfare or otherwise of their hosts and the only thing that counts, from their perspective, is that they persist and survive.
For a meme to survive and spread itself in a competitive environment it must have attributes which give it advantages over other memes, in our case this competitive environment is the reputation of a node on the Constellation network and becomes the process whereby a delegate is rewarded for validating true facts, provides bandwidth, and throughput on the Constellation network. Therefore, behavior that threatens security of the network will not be rewarded and a node’s “Meme Score” will be penalized, thereby having a host of repercussions for its participation and ability to thrive and participate on Constellation.
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What is the Blockchain?
A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency’s block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.
Author: ZacRussell87
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