algorand is academic at this point with evaluation on ec2. Though the paper is available and an implementation will be following. Peercoin is one of the first working proof of stake implementations that has been running…
>An honest mining majority is a hard requirement of Bitcoin. But proof-of-stake doesn't solve the problem of collusion -- it's even more susceptible to it since it's so easy to recreate valid-looking chains. With…
>> In the worst case scenario -- where an exploit spreads through a security hole in the reference implementation, and replaces the blockchain with its own copy, silently assigning the balance of an old, rarely used…
> Why not move to proof of stake? >> Because it doesn't make sense. If a chain, on which a token exists, needs securing, you can't use that chain's token to secure itself. I mean I'm not entirely sure what this argument…
Why not move to proof of stake? Proof of Work mining used in bitcon to secure the network as originally proposed in Nakomoto's paper has huge energy requirements. The result is large energy hungry mines as shown by the…
algorand is academic at this point with evaluation on ec2. Though the paper is available and an implementation will be following. Peercoin is one of the first working proof of stake implementations that has been running…
>An honest mining majority is a hard requirement of Bitcoin. But proof-of-stake doesn't solve the problem of collusion -- it's even more susceptible to it since it's so easy to recreate valid-looking chains. With…
>> In the worst case scenario -- where an exploit spreads through a security hole in the reference implementation, and replaces the blockchain with its own copy, silently assigning the balance of an old, rarely used…
> Why not move to proof of stake? >> Because it doesn't make sense. If a chain, on which a token exists, needs securing, you can't use that chain's token to secure itself. I mean I'm not entirely sure what this argument…
Why not move to proof of stake? Proof of Work mining used in bitcon to secure the network as originally proposed in Nakomoto's paper has huge energy requirements. The result is large energy hungry mines as shown by the…