About ----- Consensus Research is the first independent research group

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About
-----
Consensus Research is the first independent research group going to bring formal verification to the world of
cryptocurrencies!
The Problem & The Solution
--------------------------
While [formal approach](https://en.wikipedia.org/wiki/Formal_verification) is being widely using in
hardware industry and some critical software(medical, aerospace, compilers), cryptocurrencies suffer from unproven
claims, bold statements, low-quality "papers" and naive implementations, though a cost of an error could be very
high (USD$ millions).
ConsensusResearch group is going to improve overall quality of thinking about cryptocurrencies with:
* proven open-source reference implementations code made partly at least in [Coq programming language / theorem prover](https://en.wikipedia.org/wiki/Coq)
* executable simulations anyone can play with(to e.g. find best parameters under some assumptions)
* formal but understandable papers
* coins developers consultations
Background
----------
In October I published two blogposts about Nxt forging algo, "Inside a Proof-of-Stake Cryptocurrency"
[part1](http://chepurnoy.org/blog/2014/10/inside-a-proof-of-stake-cryptocurrency-part-1/) &
[part2](http://chepurnoy.org/blog/2014/10/inside-a-proof-of-stake-cryptocurrency-part-2/). Later andruiman published
paper on some statistical properties of Nxt forging in his
[Nxt forging algorithm: simulating approach](http://www.scribd.com/doc/243341106/nxtforging-1) (scroll down to view).
Right after(and [pretty famous topic](https://nxtforum.org/general/nxt-forging-algorithm-simulating-approach/)) he made
an impressive amount of work converting my model described in Haskell into Coq, proving some basic properties as theorems,
and introducing multibranching forging for that(which could be turned into so-called Transparent Forging during implementation).
Funding
-------
We think that community would respect our goals and approach and therefore we offer our assets as a
compromise between donations and investments. The asset mechanism lets to benefit both the developers and
coins investors through the transparent model of research and core development.
We've issued 10,000,000 assets with initial price of 1 Nxt each. Assets will be sold in lots corresponding to
milestones. The name of the asset is "consensus".
Digital Board of Asset Holders
-----------------------------
After voting system & 2-phased transactions inclusion into the core we'll use the features intensively. So having
"consensus" tokens you will be able to drive a research. For example, you'll be able to vote on tasks priority or
decide whether to pay a developer for e.g. visualization tool or not.
There is a risk here for sure. Sometimes democracy works bad, but we're willing to use it as the essential tool of
Consensus Research!
Milestones
----------
1. Executable simulation tool for Nxt-like 100% Proof-of-Stake forging(with delays & transactions). Executable
multibranching forging simulation tool(to estimate properties & computational requirements of Transparent Forging).
Some proofs around the code. 1 paper + 5 articles at least.
Estimated duration: 2-4 weeks.
Corresponding lot size: 300,000 Nxt
2. Research on Consensus properties of multibranch forging. In particular, Nothing-At-Stake problem will be formally
defined and analyzed after this milestone.
Estimated duration: 6-8 weeks.
Corresponding lot size: 400,000 Nxt
3. Formally proven and secure proof-of-stake forging model(with reference implementation in Haskell w. Coq)
Estimated duration: 6-8 weeks.
Corresponding lot size: 400,000 Nxt
Well, further milestones will be clear after. Finally, we're looking for the cryptocurrencies networks algorithms
where consensus itself would be much more profitable than forging (or mining) and we believe that our approach could
demonstrate the benefits in a rational formal way.
We'll publish bi-weekly reports on progress.
The Value
---------
The main commercial profit from our activity is increased trust in Nxt and/or other cryptocurrencies willing to work
with us and cryptocurrency industry at whole. Also we'll consult core developers to make better products. So coin teams
and whales are biggest beneficiaries, and our biggest sponsors, we hope so. We'll no pay dividends,
so the asset issuance is the kind of crowdfunding.