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Comment by Ike A. on "I am Muneeb Ali. Ask me anything." | Hashnode

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Ike A.

Software Engineer/Web Developer

Dec 11, 2018

What consensys mechanism does the stacks blockchain use? (Ex. Proof of Stake or Work or somewhere in between)

Muneeb Ali

CEO, Blockstack PBC

Dec 11, 2018

It's a new consensus mechanism that tries to combine the best of traditional/classical distributed system algorithms with benefits of proof-of-work. We have Stacks Improvement Proposals (SIPs) for finalizing the details of the consensus algorithm. See this: github.com/blockstack/blockstack-core/pull/888

Ike A.

Software Engineer/Web Developer

Dec 11, 2018

So will blockstack continue to run on the bitcoin blockchain as well as the stacks chain? How will this work?

Ike A.

Software Engineer/Web Developer

Dec 11, 2018

Thanks for answering my first question btw. I have been following you and Ryan’s work for over 2 years and believe you have got a lot right with blockstack!

Muneeb Ali

CEO, Blockstack PBC

Dec 11, 2018

The Stacks blockchain is a separate blockchain. We use Bitcoin for some functionality (for example, miners will need to interact with Bitcoin for burning tokens to participate in our mining algorithm) but over time this might change, see our roadmap for details: https://blockstack.org/roadmap/

One way to think about this is that we're bootstrapping our blockchain by re-using Bitcoin's hash power and may start relying less on it as more miners participate directly on the Stacks blockchain.