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Starknet community has initiated a proposal: Simplified Decentralized Protocol

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Post time 8-9-2023 11:08:14 | Show all posts |Read mode
On September 4th, a member of the Starknet community, Ilia Volokh, initiated the "Simple Decentralized Protocol" proposal. This proposal aims to achieve a maximum level of protocol simplification under the assumption that over 2/3 of the staking is honest. The simplified protocol will primarily consist of four key components:

1.Proof-of-Stake-based leader election to determine the schedule of block proposers.
2.Creation of a Tendermint-style consensus protocol for proposers' network to reach consensus on each block.
3.Chain-based proof mechanism, where each proposer must prove the previous block, ensuring decentralized proof.
4.Timely L1 state updates to regularly migrate L2 state to L1 while incorporating chain-based proofs.
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