Sounds dangerous :) its going away from PoW from what i know, so nothing good for bitcoin.
No, Avalanche doesn't affect consensus, because is pre-consensus. It improves 0-conf safety, which is needed for adoption. Forfeits are great, but only useful for big purchases.
"Avalanche does not affect consensus because it is pre-consensus" ??
It would work better like this
What does Avalanche once a block is mined?
"Avalanche does not affect consensus because it os AFTER consensus"
Seems like a good idea to me.
0-confirmations accepted on exchanges is not new. XVC had that on Poloniex about 2 years back.
PoS pre-consensus, really? is this still bitcoin?...
If avalanche is soft-fork, can the pre-consensus pow be replaced with pos also as a soft fork?
Amaury explains it better and simpler:"Basically, it is like Ripple" RIP
Avalanche seems like a great idea the more I hear about it. Helos scaling, and protection against double spends.
I'm not sure why so many people are assuming they will jump straight into PoS with Avalanche, they've said they eventually intend to base selection on PoW contribution for over 100 prior blocks
I think it's an elegant and practical solution. I was a fan of 0-conf forfeits, but I think that this will add a considerable amount of security
Anybody knows if avalanche will make it into BCH?
Avalanche preconsensus does have some good potential. Can't wait to see how well it works.
Just when I thought they are not going to do it
If Avalanche can be applied to BCH, that would be awesome. However, I have to be honest I have yet to understand how this is a secure method. Probably I'm still missing some bits and pieces.
I am now optimistic of Avalanche.
The BEST way to explain what Avalanche is and how it can work for BCH as well as AVA is using an animated doodle. Would someone please make one?
