Online Courses
Blockchain Security
Online Courses
Blockchain Security
  • Blockchain Security
  • Fundamentals of Blockchain Security
    • Introduction to blockchain
    • The promises of blockchain
    • Inside the blockchain hype
    • Blockchain structures
    • What is public-key cryptography?
      • How does public-key cryptography work?
      • Public-key cryptography in the blockchain
    • Security assumptions of public-key cryptography
      • Quantum computing
    • Hash function in blockchain
      • Properties of hash functions
      • Hash functions in the blockchain
      • Blockchain security hash key functions
    • Quiz
  • Consensus Algorithm Security
    • Introduction
      • The Byzantine generals problem
      • Security via scarcity
      • Common blockchain consensus algorithms
      • The longest chain rule
    • Proof of work
      • Inside PoW mining
    • Attacking proof of work
      • The 51% attack
      • Denial of service: Artificial difficulty increases
    • Proof of stake
      • Choosing the block creator
    • Attacking PoS consensus
      • XX% attack and the PoS "timebomb"
      • Fake stake attacks
      • Long-range attack
      • Nothing at stake problem
      • Sour milk attack
    • Quiz
  • Blockchain in Action
    • Nodes and network
      • Inside the node
      • How blocks are created
    • Attacking block creation
      • Denial-of-service
      • Frontrunning
      • Selfish mining
      • SPV mining
    • Attacking blockchain nodes
      • Blockchain software misconfiguration
      • Denial of service
      • Malicious transactions
    • Attacking the blockchain network
      • Eclipse attack
      • Routing attack
      • Sybil attack
    • Quiz
  • Smart Contract Security
    • What are smart contracts?
      • Smart contracts
    • General programming vulnerabilities
      • Arithmetic vulnerabilities
      • Right-to-left control character
    • Blockchain vulnerabilities
    • Ethereum vulnerabilities
    • Quiz
  • Beyond the Basics
    • Alternative distributed ledger architectures
      • Introduction to DAGs
      • Introduction to block lattices
      • Introduction to sidechains
    • Second-level blockchain protocols
      • How a state channel works
    • Advanced cryptography in blockchain
      • Multisignatures
      • Zero-knowledge proofs
      • Stealth addresses
      • Ring signatures
      • Commitment schemes
    • Quiz
  • Cumulative Quiz
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  1. Consensus Algorithm Security
  2. Proof of stake

Choosing the block creator

The probability of being selected as the block creator is proportional to the percentage of state cryptocurrency in an account. Some variants have a threshold on the amount of power controlled by a single account to prevent centralization.

However, pseudo-anonymity allows users to create multiple accounts and distribute their cryptocurrency to defeat the cap. The selection of the block creator is done using a pseudo-random algorithm that takes into account the previous block hash and user stakes.

The algorithm ensures a level of randomness to prevent gaming the system while maintaining decentralization. There are two main categories of proof of stake algorithms: fully randomized and coin age-based selection. The transition from proof of work to proof of stake can be challenging to design and implement. Ethereum, for example, has faced delays in implementing proof of stake.

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Last updated 9 months ago