Replies - Activity - pachainti - Algorand
Is Algorand inflation its biggest enemy?
Oct 17, 2023
This is an interesting discussion. Algorand, unlike most PoS blockchains, has a max supply limit of 10 B, whereas many others have an infinite one. In order to have a functional and secure blockchain, validators must be rewarded and this can be achieved through a transaction fee or the issuance of tokens...
Total node/validators
Aug 28, 2022
I personally do not consider information reliable if it is not supported by facts and evidence. If you think my statements or those of Kraken are wrong, you need to provide evidence, not words.
Total node/validators
Aug 27, 2022
Please read carefully. I wrote that your reasoning is generic and that it is valid for every blockchain, not that every blockchain works like algorand. According to the official documentation of algorand, according to my calculations and those of Kraken, it works as explained above. Furthermore, @F...
Total node/validators
Aug 27, 2022
Your points are basically correct, but they are general in nature and valid for any blockchain. According to the documents I have read, although about 380-400 validators participate on algorand on average in a week, those who hold 33% of the stake and thus get on average 33% of the committee seats ...
According to...
Aug 26, 2022
According to the articles I have read, including those linked by you, and according to what is written in this thread, the sortition algorithm and the choice of validators works as reported above. What are these sets? I don’t remember finding them anywhere.
Total node/validators
Aug 25, 2022
Okay, you were referring to the three stages. According to what is written here, the committee members for each phase are always drawn from the same set of validators with the same stake. So probabilistically, on average, the distribution of committee seats...
Total node/validators
Aug 23, 2022
If the number of validators who participated is around 400 and the number of seats per round is 1400, this means that on average some validators have more than 3.5 seats. What is the distribution of seats among the validators? The distribution of stakes among them is the one I calculated earlier...
Total node/validators
Aug 23, 2022
How many maximum? So a few nodes could get the majority of the committee stake? Could you bring me back an article with updated parameters?
Total node/validators
Aug 19, 2022
Thanks for the link, I have now resolved some doubts. According to the paper linked by the sortition algorithm page, the committee size is between 2000 and 10000 (final). This number should be the one shown in the dashboard, about 1400 participation nodes of which about 400 actually voted in the last we...
Serious lack of transparency and engagement of Algorand foundation
Aug 16, 2022
Where does the 80% stake come from? The handling of the relay list should not be manual, but managed by an algorithm based on the reputation of the relays (e.g. past behaviour, SLA, operational efficiency, etc.). So theoretically, even one relay is sufficient if it is powerful enough and if all participating validators are honest.
Total node/validators
Aug 16, 2022
Thank you for the links. However, the second one is broken. The first video describes how the algorithm works and it is a good explanation, but it leaves two open questions: how X is calculated for the inequality vrf_output<X? And how is p selected in the Bernoulli distribution?
Total node/validators
Aug 15, 2022
Thank you for your answers. So the consensus of the algorand validators (participation nodes) is decentralised and 1/3 of the participants (currently about 136 nodes) are required to block the production of blocks. However, the relay nodes, while not participating in the consensus, are semi-permissioned...
Total node/validators
Aug 15, 2022
Hi, I appreciate your attempts to answer, but if you are not an expert in the subject, it is better not to answer at all.
Total node/validators
Aug 15, 2022
I found this unofficial explorer where you can see the top accounts and select which of them participate in the consensus. Taking the top 1000: if we consider both online and offline we have a total stake of about 6.614 G algo and 33% of the stake is owned by the top 26 top accounts.
Total node/validators
Aug 14, 2022
Thank you for your reply. I also think algorand is a very good blockchain, but I am asking a specific question and need to know the numbers if they are available. According to the dashboard there are now 1423 (non-relay) nodes or participating in the consensus and in the last week 407 participated ...
Total node/validators
Aug 14, 2022
Hi, according to the official FAQ and according to this comprehensive analysis A Survey of Distributed Consensus Protocols for Blockchain Networks the consensus algorithm of algorand tolerate up to 1/3 of malicious validators. If the number increases, the network’s consensus is blocked. Moreover, ...
Algorand technical questions
Apr 14, 2022
What do you mean by synchronous or asynchronous in this context? Layer 1 smart contracts are executed with the transaction the same way it is done on Ethereum. I guess you can call them synchronous.
Algorand technical questions
Apr 14, 2022
Thank you for your reply. So this data is still not true? If not, is there any ETA?
OUR 2021 PERFORMANCE
Block proposal time will remain 0.5 seconds. (Even though our block size will grow from 5,000 to 25,000 transactions.) Block finalization time will shrink from 4.5 to 2.5 seconds. Our finalization times are based on real-world usage.