PoSH in Practice: Implementing Proof of Staked Hardware Consensus with Limited Storage

Abstract

Proof of Staked Hardware Consensus (PoSH) Consensus was designed to achieve Nakamoto-style probabilistic consensus on the contents of a cryptocurrency ledger in a permissionless decentralized network while serving as the foundation of an openly mintable cryptocurrency without winner-takes-all lottery-style block rewards. This demo paper presents a proof of concept implementation of a PoSH consensus blockchain and the technical solutions the implementation introduces to realize PoSH in practice.