2025/05/17 by Juraj Mariani, Mariani, Juraj, Ivan Homoliak +1
Computer Science · #cs.CR #cs.DC
paper · pdf · doi:10.48550/arxiv.2505.12144
Consensus protocols used today in blockchains often rely on computational power or financial stakes - scarce resources. We propose a novel protocol using social capital - trust and influence from social interactions - as a non-transferable staking mechanism to ensure fairness and decentralization. The methodology integrates zero-knowledge proofs, verifiable credentials, a Whisk-like leader election, and an incentive scheme to prevent Sybil attacks and encourage engagement. The theoretical framework would enhance privacy and equity, though unresolved issues like off-chain bribery require further research. This work offers a new model aligned with modern social media behavior and lifestyle, with applications in finance, providing a practical insight for decentralized system development.