# Solida: A Blockchain Protocol Based on Reconfigurable Byzantine Consensus

arXiv: https://arxiv.org/abs/1612.02916 · HTML: https://mlsanity.com/paper/1612.02916/

## Key facts

- Cited by 1 papers in the map (data through 14 Oct 2026).
- First posted on arXiv 9 Dec 2016.

## Built on by (most cited first, 1 of 1)

- [Social Choice Around the Block: On the Computational Social Choice of Blockchain](https://mlsanity.com/paper/2203.07777/) (2022)

## Abstract (arXiv)

The decentralized cryptocurrency Bitcoin has experienced great success but also encountered many challenges. One of the challenges has been the long confirmation time. Another challenge is the lack of incentives at certain steps of the protocol, raising concerns for transaction withholding, selfish mining, etc. To address these challenges, we propose Solida, a decentralized blockchain protocol based on reconfigurable Byzantine consensus augmented by proof-of-work. Solida improves on Bitcoin in confirmation time, and provides safety and liveness assuming the adversary control less than (roughly) one-third of the total mining power.