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Title: What if a perfect hash function will be invented, what will happen to Bitcoin? Post by: Slava79 on April 12, 2018, 10:19:14 AM By "perfect hash function" I mean a hash function which is:
1. Can be done only by a human. 2. Can be done in predictable time. 3. Can be verified instantly by computer. For example, it can be thought as a CryptoNight variant, not vulnerable to botnets. If such a Proof of Work function applied to Bitcoin: Will mining pools disappear? Will decentralization increase? Will network survive when amount of active miners will be millions? |