The Follow-the-Satoshi algorithm divides time into periods called time slots. Only one block can be added to any blockchain branch in any given slot.

Time slots in Proof-of-Stake

Since coins are selected uniformly and randomly, the probability that a given user has the opportunity to append to a branch equals the proportion of coins they own. 

Implications for large stakeholders under the Follow-the-Satoshi algorithm

Under FTS, each blockchain branch selects uniformly and randomly from all native coins, and the stakeholder of the selected coin then receives the opportunity to append the branch and collect a block reward. 

University of Minnesota - Twin Cities

- Follow-the-Satoshi (FTS) algorithm
- Digital Signature Scheme (DSS)

Implementations of Proof-of-Stake

Saleh, Fahad. (2021). Blockchain Without Waste: Proof-of-Stake. Wake Forest University. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3183935


Blockchain Without Waste: Proof-of-Stake

Follow-the-Satoshi (FTS) algorithm

A Digital Signature Scheme, or DSS, is a technical solution to stop validator fraud from occurring.

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