A mystery team, apparently possessing vast expertise and aptitude in distributed ledger technologies, has released a whitepaper describing a suite of new consensus algorithms inspired by epidemic, AKA “gossip,” protocols.
Snowflake to Avalanche: A Novel Metastable Consensus Protocol Family for Cryptocurrencies. This was the title of a whitepaper that was delivered anonymously to the folks at InterPlanetary File System (IFPS) earlier this week.
The paper, which was also posted on some online forums, has already caused quite a stir.
“Someone dropped this paper on IPFS and some IRC channels yesterday,” wrote Emin Gun Sirer, Cornell professor and co-author of A Call for a Temporary Moratorium on The DAO. “It describes a new family of consensus protocols that combines the best of Nakamoto consensus with the best of classical consensus. Huge breakthrough.