LAPSE — Lapsecoin

LapseCoin keeps Bitcoin's consensus model: the chain with the most proven work wins. Proof-of-work is replaced with a Verifiable Delay Function (VDF), tying block production to real elapsed time rather than a race for a lucky hash. Transactions are ordinary and plaintext, with sender-bid fees. The VDF is believed to have a much smaller hardware advantage gap than proof-of-work, so it does not push the network toward the same resource-consumption spiral. Transactions are signed with quantum-resistant FALCON-512.