There is not only PoS. Open Representative Voting (ORV) is a working solution: https://docs.nano.org/what-is-nano/overview/
> The technology for preventing double-spending is incredibly inefficient and slow. Transaction costs are high. Right now, a Bitcoin This is true of bitcoin. There are better cryptocurrencies which have already solved…
> NANO is what IOTA was trying to be. That's much too sweeping a statement. The Nano currency is a pure currency. IOTA on the other hand wants to sell itself as a data exchange layer for IoT. With emphasis on "wants"…
Nano consensus mechanism is called Open Representative Voting (ORV). It has similar sides to proof-of-stake, but differs in important places. e.g. it is less a "stake" than a voting weight that the users themselves…
"Bitcoin (and all other cryptocoins) are just not usable for mass transactions. Buying anything with bitcoin takes over 10 minutes" Anybody here know the currency Nano? The ORV (Open Representative Voting) consensus…
I would like to bring Open Representative Voting (ORV) into the game. On ORV, every account can freely choose a Representative at any time to vote on their behalf, even when the delegating account itself is offline.…
Feels like we're playing the first round in "Master of Orion" when you start scanning the stars around you ;)
A "faster, more efficient cryptocurrency" is already in productive operation since 2015. Called "Nano" https://nano.org/en
And if it's air or water cooled
@elonmusk did you listen?
"Feels like downloading Windows shareware in the 90s to me." Bull's eye!
There is not only PoS. Open Representative Voting (ORV) is a working solution: https://docs.nano.org/what-is-nano/overview/
> The technology for preventing double-spending is incredibly inefficient and slow. Transaction costs are high. Right now, a Bitcoin This is true of bitcoin. There are better cryptocurrencies which have already solved…
> NANO is what IOTA was trying to be. That's much too sweeping a statement. The Nano currency is a pure currency. IOTA on the other hand wants to sell itself as a data exchange layer for IoT. With emphasis on "wants"…
Nano consensus mechanism is called Open Representative Voting (ORV). It has similar sides to proof-of-stake, but differs in important places. e.g. it is less a "stake" than a voting weight that the users themselves…
"Bitcoin (and all other cryptocoins) are just not usable for mass transactions. Buying anything with bitcoin takes over 10 minutes" Anybody here know the currency Nano? The ORV (Open Representative Voting) consensus…
I would like to bring Open Representative Voting (ORV) into the game. On ORV, every account can freely choose a Representative at any time to vote on their behalf, even when the delegating account itself is offline.…
Feels like we're playing the first round in "Master of Orion" when you start scanning the stars around you ;)
A "faster, more efficient cryptocurrency" is already in productive operation since 2015. Called "Nano" https://nano.org/en
And if it's air or water cooled
@elonmusk did you listen?
"Feels like downloading Windows shareware in the 90s to me." Bull's eye!