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Author Topic: Proof of Signature + Lowest address wins coin distribution + Energy efficient  (Read 352 times)
garlonicon
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August 29, 2022, 05:01:35 AM
 #21

It is not a weakness at all, because if you want to have a block every 30 seconds, then you can. P2Pool did exactly that.
n0nce
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August 29, 2022, 12:04:31 PM
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 #22

It also makes it harder to re-purpose or re-use existing blockchain technology for other purposes.
It's actually a terrible idea to reuse the Bitcoin blockchain for purposes other than transfering money. Even still, it is being done until today, even though pool mining is basically the standard now.

Reducing software complexity by solving these problems in a more efficient way is worth it to me at least.
The software (Bitcoin Core) complexity has been reduced actually, by removing the mining portion completely.
As CPU mining has been useless for a long time, the internal miner has been removed in this release, and replaced with a simpler implementation for the test framework.


I've got to quote myself real quick here... You keep seeing problems where they don't exist.
It has become clear to me that you've just got a lot of catching up to do.

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Skybuck (OP)
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September 07, 2022, 03:50:13 AM
 #23

I think I just shot a hole in my own system:

Conspiring nodes could ignore the lowest IP threshold block... and simply replace it with one of their own and continue on their own chain.. and try and make it as long as they possible can/want... only including blocks from their own controlled IP pool.

To fix this some new consensus rules would be necessary... not yet sure how to fix it... my first initial vague idea would be to limit the range of IPs that are acceptable for the new block.
So that hopefully the next lowest IP threshold that is acceptable does not fall within their IP pool, so then they must wait for other peers/ips to continue growing the block, however then there is the danger, that the IP range is not online and the chain will never grow.
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September 13, 2022, 08:41:51 PM
Last edit: September 13, 2022, 09:02:29 PM by Skybuck
 #24

To fix the hole in my proposed signed hash blockchain system one part of a solution would be:

Minimum Summed IP Threshold Delta Blockchain wins when equal number of blocks mined.

Still does not force peers to cooperate.

Interesting new mining attack: "Partial Selfish Mining":
https://aps.arxiv.org/pdf/2207.13478.pdf
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