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We propose a novel consensus protocol based on a hybrid approach, thatcombines a directed acyclic graph (DAG) and a classical chain of blocks. Thisarchitecture allows us to enforce collective block construction, minimising themonopolistic power of the round-leader. In this way, we decrease thepossibility for collusion among senders and miners, as well as minersthemselves, allowing the use of more incentive compatible and fair pricingstrategies. We investigate these possibilities alongside the ability to use theDAG structure to minimise the risk of transaction censoring. We conclude byproviding preliminary benchmarks of our protocol and by exploring furtherresearch directions.

Democratising blockchain: A minimal agency consensus model