The evolution of MB09 and MBXI: an introduction to MBXX
In 2020, I developed and patented another protocol that involves both MB09 and MBXI algorithms.
In my mind, one of the problems not wholly solved in Satoshi Nakamoto’s paper was the consensus problem. Another issue (also noticed in MB09) is that we are dealing with a centralized system.
I wanted to overcome these problems, so I needed to implement a scheme such that the following conditions are met:
- The protocol runs in a decentralized model.
- The consensus for the validity of transactions is given by a mathematical deterministic function and not by a statistical probability of attack.
In other words, the problem of the double-spending of digital money has to be solved in a cryptographic way, instead of with a consensus based on “game theory.” Indeed, the consensus problem that Satoshi Nakamoto chose is a method based on the theory of the Byzantine generals problem.
This...