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Title: why no billion cap coin uses proof of storage/capacity ? Post by: cryptoassistent on July 01, 2018, 08:18:03 PM there is at least one coin using proof of storage instead of proof of work.
This algo is not linked to the wealth of the miner so it seems to be well thought economically. Storage is less expensive then processing power. Why no billion coin use it? Title: Re: why no billion cap coin uses proof of storage/capacity ? Post by: cryptoassistent on July 04, 2018, 06:31:51 PM no info whatsoever?
Title: Re: why no billion cap coin uses proof of storage/capacity ? Post by: BTcoint on July 04, 2018, 06:59:06 PM there is at least one coin using proof of storage instead of proof of work. it depends on developers need to implement successful project usually different coins integrate different algo\s as well as (POW , POStor & POStake) also I think the famous one used heavily is POS (Proof of stake ) - my favorite . This algo is not linked to the wealth of the miner so it seems to be well thought economically. Storage is less expensive then processing power. Why no billion coin use it? Link below show some technical points : https://siawiki.tech/about/pow_vs_pos perhaps in near future we can see new invented ALGOs different and effective than all above . innovation will not stop because of electrical consumption or economical thought . Title: Re: why no billion cap coin uses proof of storage/capacity ? Post by: cryptoassistent on July 07, 2018, 01:33:13 PM But, are you aware of some negative sides of PoStorage algo?
There must be some downsides if noone uses it. Title: Re: why no billion cap coin uses proof of storage/capacity ? Post by: BogdanGFTP on July 07, 2018, 01:43:01 PM I think that model is not as safe as that is in traditional cryptocurrencies. There is a lot of issues that should be solved but it is very interesting concept of future coins.
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