StatusPay - Compare Consensus Designs

[johannbarbie]

Bounty

The payment network requires fast economic finality of transactions so that purchases can be made within seconds.

Scope

3 scenarios will be worked out to evaluate possible setups:

• Single operator: When a single operator runs the network, how can centralization be addressed effectively?
• Validator network: A closed validator network would provide more decentralization, but hinder fast finality.
• Open validator Set: Such a setup would allow any-one to propose blocks. Even the Status Wallet app could be used as a validator, as online-requirements are relaxed. Fast finality becomes even harder. related: Merged Mined Consensus

Deliverables

• written document

Funding Circle

Bounty Owner/Gardener

@johannbarbie as BizDe

Gain for the Role

happy customer

Roles

bounty gardener: <@your github username> / X DAI
bounty worker: name / share
bounty reviewer: name / share

Gardener checklist

• I have attached one of the size- labels to this bounty
• I have submitted this bounty via http://bounty.leapdao.org/viewform
• I have added this bounty to bounty board here https://github.com/orgs/leapdao/projects/6

[johannbarbie]

working document: https://docs.google.com/document/d/1JIjibxtHI0KWpb65yGF9QHTnlC-rGBT8PrguFrJb6NI