►
From YouTube: Proof of Pulse
Description
Peerplays President Jonathan Baha'i discusses the benefits and specifics of the Proof of Pulse consensus mechanism, which takes on a more inclusive approach to the transaction verification process.
For more information please visit www.peerplays.com
A
Proof
of
pulse
short
for
proof
of
paul's
proof
of
pulse
is
pop
right,
so
pop
as
opposed
to
pow,
which
is
proof
of
work,
and
then
you
have
other
algorithms
like
proof
of
stake
right,
so
proof
of
pulse
focuses
primarily
on
the
consensus
of
of
the
chain
in
regards
to
how
the
how
the
community
decides
or
how
the
nodes
decide
on
the
direction
of
the
chain.
It's
not
necessarily
at
the
hat.
It's
not
about
the
cryptography,
it's
not
about
the
hash
level
of
the
chain.
A
It's
about
how
consensus
is
arrived
at.
So
proof
of
pulse
does
something
interesting.
So,
where
you
have
proof
of
work,
the
consensus
is
arrived
at
by
competing
computer
power
right.
So
you
have
lots
of
computers
that
are
solving
they're,
they're
solving
puzzles
and
essentially
they're
given
rewards,
and
the
consensus
is
arrived
at
based
on
the
number
of
nodes
that
actually
upgrade
to
the
same
version
that
have
the
total
amount
of
the
hash
power
for
the
chain
right.
A
The
entire
blockchain
industry
in
terms
of
how
consensus
is
arrived
at
proof
of
pulse,
on
the
other
hand,
takes
a
different
kind
of
approach
so,
rather
than
rather
than
being
like
proof
of
work
or
proof
of
stake.
What
it
does
is
it
actually
has
the
blockchain
be
more
proactive
in
reaching
out
for
decision
making
and
rather
than
making
it
so
that
token
holders
or
computing
power
is
making
a
decision.
A
Instead,
proof
of
pulse
has
the
blockchain
reach
out
to
all
the
token
holders
within
the
blockchain
randomly,
and
then
they
actually
it.
It
does
a
kind
of
a
micro
decision
process
where
it
will
pull
the
user
to
be
able
to
give
an
input
to
the
chain
on
what
direction
to
take
put
simply
proof
of
proof
of
pulse
allows
for
everyone
to
be
able
to
have
micro
decisions
in
the
direction
of
the
blockchain.
It
doesn't
matter
how
much
how
much
you
hold
in
terms
of
stake.
It
doesn't
have
matter
how
much
computing
power
you
have.
A
What
matters
is
simply
having
a
micro
decision
to
contribute
so
that
all
these
micro
decisions
together
end
up
giving
a
direction
for
the
whole
chain.
So
no
one
party
could
actually
create
the
consensus
for
the
chain.
It's
based
on
everybody,
who's
using
the
blockchain
being
able
to
actually
participate.
A
So,
as
far
as
like
communities
or
p,
like
any
kind
of
communities
or
businesses
being
able
to
determine
the
direction
that
the
blockchain
takes,
they
will
have
a
direct
input
on
it,
whereas
all
these
other
consensus
mechanisms
always
have
a
sort
of
lack
of
a
better
term
elite
that
actually
controls
the
chain
like
it's
always
the
biggest
whale
stakeholders
in
proof
of
stake,
end
up
making
all
the
decisions
for
the
chain.
So
you
have
a
very
tiny
handful
of
people
in
proof
of
work.
A
The
same
sort
of
thing
happens
where
you
only
have
a
handful
of
miners
who
are
who
are
who
are
running
these
huge
mining
mining
pools
and
they
end
up
making
all
the
decisions
for
the
chain
in
proof
of
pulse.
There's
no
one
party
that
can
actually
make
that
decision.
It's
made
with
everybody
involved.
It's
ran
it's
done
with
randomization
and
it
helps
to
be
able
to
ensure
that
the
decision
making
is
ongoing.
A
A
A
This
is
that
it
actually
solves
a
lot
of
the
organizational
issues
that
we
have
with
the
way
that
blockchain
works
in
order
to
actually
achieve
real
decentralization
right,
because
as
long
as
you
have
just
wales
deciding-
and
you
have
whales
on
on
proof
of
work
and
proof
of
stake,
making
all
the
decisions,
we
really
don't
have
any
kind
of
decentralization
to
ensure
the
security
of
the
network.
Your
proof
of
pulse
we're
actually
having
a
real,
broad
decision-making
process
with
everything
that
happens.