Silvio Micali, CEO of Algorand stressed the need for “hyper-dispersion” to achieve de-centralization at D.FINE, the main conference of the Korea Blockchain Week 2019 at Grand Intercontinental Seoul Parnas in Seoul on Oct. 1.
“In order to truly realize decentralization, we need a “super-dispersion,” he said. “We present pure Proof-of-Stake(PoS) that is run and verified by a randomly composed committee in a way that executes this.” The concept is not that someone votes for the committee, but that they elect themselves. Not only does it require only small computing power, but it is a self-polluting concept, so security for many people with block choice can be maintained thoroughly.
Silvio Micali suggested the concept of “Atomic Swap.” Atomic Swap refers to two users signing two and swapping them in pairs when they want to pair them up, but treating them as a single transaction. There is little error in dealing with a single transaction.
he also said “”Co-chain” to be presented by Algorand has sufficient growth momentum by ensuring scalability to the size of a large network.