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Bitcoin / Bitcoin Discussion / Re: The Future of Bitcoin Scalability: An Introduction to Lightning Network & Alter.
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on: May 23, 2019, 06:26:18 AM
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IMO DPoS is a double-edged sword, it's better in decentralisation than PoW (this advantage may be more and more insignificant over time) and energy saving, but lack of supports from the mining industry, which is a problem for a bitcoin fork. LBTC may be regarded as a DPoS version of bitcoin, it's a very interesting experiment that no other bitcoin forks had done before or after. Time will tell us if this is a better approach.
And there's the rub of this whole story as we need the support of the miners in the implementation of LBTC. At any rate, we should welcome any development or innovation that can possibly address the problem of scalability while not compromising one of the main tenets of the blockchain which is decentralization. I am sure that soon the whole industry can be able to arrive at solutions acceptable to all stakeholders. Do you think what are the reasons why miners are not interested with DPos? As a DPoS "miner", first you have to hold a certain amount of coins in your wallet, then you need to vote to one or more delegates (validators), a common PC or even a laptop would work fine, you don't need any ASIC or GPU mining rig at all. It's a totally different logic from PoW. Mining farms are very heavy assets, but they don't have any advantage in the PoS/DPoS consensus mechanism. I think this is why miners are not interested in DPoS. |
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Bitcoin / Bitcoin Discussion / Re: The Future of Bitcoin Scalability: An Introduction to Lightning Network & Alter.
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on: May 23, 2019, 02:49:44 AM
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IMO DPoS is a double-edged sword, it's better in decentralisation than PoW (this advantage may be more and more insignificant over time) and energy saving, but lack of supports from the mining industry, which is a problem for a bitcoin fork. LBTC may be regarded as a DPoS version of bitcoin, it's a very interesting experiment that no other bitcoin forks had done before or after. Time will tell us if this is a better approach.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] E-CurrencyCoin Thread
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on: October 09, 2017, 05:21:17 PM
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I have the backup file of wallet.dat, but the wallet I just downloaded (win64 version) doesn't seem to be working. Does anyone know how to sync the wallet? Many thanks!
I don't know exactly what happen but you try to copy/paste this code into conf file in ..\AppData\Roaming wallet folder. dns=1 addnode=www.cryptounited.io addnode=74.208.133.18 addnode=82.176.15.155 addnode=66.66.243.140 addnode=223.134.231.97 addnode=46.4.64.68 Many thanks for your help. The wallet is moving now, but the sync speed is too slow (8 connections in total), is there any way to accelerate? |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum is about to take over Bitcoin
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on: June 14, 2017, 01:13:59 PM
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It's already very close now, it's just a matter of time.
How can you say that, ETH is way behind BTC in terms of price and market capitalization and for ETH to take over BTC still a very long time needed. Yes that's right ETH is far behind BTC, maybe ETH can take over btc in the next 10-20 years, it can happen if BTC continue to experience down and abandoned.  It won't take that long. The gap in market cap is just 25%, maybe it will happen in a few months. |
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