Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: myriadcoin on March 14, 2016, 04:54:39 AM



Title: Is multi-algo the solution to the problem of mining centralisation?
Post by: myriadcoin on March 14, 2016, 04:54:39 AM
Mining centralisation seems to be a growing problem with Bitcoin— with no solution in sight. The block limit doesn't change that. The problem is in the PoW. There are few alternatives. Litecoin is no better off, Vertcoin's plan is to frequently change the PoW with a hardfork.. which hardly seems like a 'plan' at all. Multi-algo is one solution first adopted by the original Namecoin dev, utilised in Huntercoin. It was later refined by Myriadcoin and then reimplemented in Digitalcoin, Digibyte, Auroracoin, and others. So far, so good. What do the forum members here think about it?