Consensus

Picoin consensus combines:

• Proof of Pi mining;
• validator approvals;
• retroactive audits.

The process currently follows:

1. A miner receives a deterministic compute task.
2. The miner computes the assigned segment.
3. The miner commits the result hash and Merkle root.
4. The network generates validation samples.
5. Validators verify samples.
6. Validators vote to approve or reject.
7. The block is accepted if quorum is reached.
8. Future retroactive audits may later re-check historical blocks.

This hybrid model attempts to balance:

• useful computation;
• security;
• scalability;
• probabilistic verification.