Cornell Professor Unveils 'Simple Yet Powerful' Consensus Protocols
Cornell University professor Emin Gun Sirer announced a new family of consensus protocols at Token Summit on Thursday.
A pseudonymous team of developers have created a family of new consensus protocols for blockchains.
Cornell University professor and blockchain researcher Emin Gun Sirer announced the new protocols Thursday at Token Summit III in New York, explaining that they combine what he referred to as the "classical consensus" and "Nakamoto consensus" models in blockchain network decision-making.
“The way this protocol works is incredibly simple yet incredibly powerful,” he said.
Sirer and his team have been working on the white paper for this protocol family for months, he said, but it was developed by a pseudonymous team called “Team Rocket” after the Pokemon characters.
Referred to as Snowflake, Snowball and Avalanche, the protocols randomly sample network participants, and ultimately choose a single result, Sirer said. “They rely on randomness and they rely on random interactions and yet they ensure after the interactions everyone has decided the same thing.”
According to the white paper:
Nakamoto consensus protocols (of which bitcoin is the best known) require miners to agree to a specific decision before it can be enacted, while classical consensus requires a two-thirds plus one majority, Sirer said during his talk.
However, not everyone agrees that this is a novel breakthrough.
Ethereum developer Vlad Zamfir said on Twitter that due to the nature of the protocols, they fail to combine “the best of Nakamoto consensus with the best of classical consensus” as Sirer asserted.
Zamfir, who is the leading researcher behind ethereum's upcoming proof-of-stake protocol Casper CBC, said the new protocols combine "the worst of both worlds," due to aspects of the code that could lead to weakened security.
William Mougayar and Emin Gün Sirer image by Nikhilesh De for CoinDesk
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.