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| © 2014 TenderMint. Powered by <a href="http://hugo.spf13.com">Hugo</a>. Design from <a href="http://sglyon.com/">Spencer Lyon</a>. | |
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| ⋅ | |
| <a href="https://github.com/tendermint/tendermint" title="GitHub">GitHub</a> | |
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| <h1>TenderMint</h1> | |
| <p class="lead"> A Novel Consensus Protocol </p> | |
| <p> | |
| Bitcoin proved to us what is possible with a distributed consensus protocol. | |
| Yet, Bitcoin's mining (proof of work) comes with a hefty cost. | |
| At today’s Bitcoin prices and reward schedule, miners are rewarded on the | |
| order of $1,500,000 a day to secure the blockchain – and a significant portion of that | |
| money is spent on electricity. Proof-of-work based consensus algorithms are also | |
| slow, requiring up to an hour to fully confirm a payment to prevent double-spending. | |
| </p> | |
| <p> | |
| The TenderMint protocol is a solution to the mining problem based on a solution to the | |
| Byzantine Generals Problem by Dwork, Lynch, and Stockmeyer (<a href="http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.13.3423">link</a>). | |
| It is suitable to use as a replacement to mining for Bitcoin, Ethereum, etc. | |
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| A minimal prototype is being developed in Go.<br/> | |
| Interested in participating? <a href="mailto:dev@tendermint.com" title="Contact us">Let us know!</a> | |
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| <h2>Resources</h2> | |
| <ul> | |
| <li><a href="/docs/tendermint_v02.pdf" title="Whitepaper PDF">whitepaper</a></li> | |
| <li>#tendermint on FreeNode IRC</li> | |
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