Is Proof of Enagement the future?

[Blissful Living]

Hi guys!

I hope you're doing well and having a great weekend!

I'm wondering what you guys think about Proof of Engagement (PoE) as a new blockchain standard.

These guys are working on this blockchain now;

https://tgrade.finance/#home

This is their white paper;

https://github.com/confio/ProofOfEngagement/blob/master/Proof%20of%20Engagement%20paper.pdf

Any thoughts?

I'm asking this because I'm considering to launch a token on a PoE blockchain.

Thanks in advance and have a great week!

Jürgen

[Husires]

(PoE) addresses the problems of (PoS) which is the centralization of delegates, but PoE depends on the motivation and cooperation of the community.

So the concept of the censorship community, who represent a self-sovereign authority and have
They are governed by an on-chain constitution and governance and thus an idea to address PoS limitations that are limited to a certain number but would not be an optimal solution.

Using the algorithm, whether it is proof of PoS, will not make your concept ideal because I think that society now cares more about speed and high trading volumes than decentralization.
it is evident that a central currency like USDT did not collapse in value even after announcing that there were no reserves to cover it.

[sunsilk]

As I understand from the word itself of engagement, Husires is right that it's needed to be driven by engagement by its community. Understanding from that point.

I think it's going to be the same that needs to have a demand just like the usual projects and it will determine the value and importance of your project.

And that's a basic thing which we always see from different projects but I stand corrected if I'm wrong with what I've said.