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Proof-of-Sovereignty (PoSv) as a Method to Achieve Distributed Consensus in Crypto-Currency Networks

Hegadekatti, Kartik and S G, Yatish (2016): Proof-of-Sovereignty (PoSv) as a Method to Achieve Distributed Consensus in Crypto-Currency Networks. Published in: Development of Innovation eJournal , Vol. 4, No. 45 (27 September 2016)

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Abstract

In this paper, a method to implement K-Y protocol using Distributed Consensus is discussed. Firstly, the various available methods are discussed. Then, Proof - Of - Sovereignty (PoSv) is proposed. Its mechanism is deliberated and its advantages are described vis-a-vis other methods of distributed consensus. Finally a summary of all the procedures involved in 'NationCoin Mining' is explained.

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