Bitcoin Forum
June 25, 2024, 06:03:25 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: An alternative to proof of work?  (Read 533 times)
cafucafucafu (OP)
Hero Member
*****
Offline Offline

Activity: 812
Merit: 509



View Profile
January 09, 2015, 06:53:03 PM
 #1

Has there been any implementation of an altcoin which rewards proof of work to a maximum limit only? This way the maximum power of each node is capped.

cryptworld
Hero Member
*****
Offline Offline

Activity: 714
Merit: 503



View Profile
January 09, 2015, 07:31:32 PM
 #2

there is proof of stake,  but some experts say that it is not as secure as proof of work
ticoti
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1000


View Profile
January 09, 2015, 07:36:18 PM
 #3

take a look at this comparison  https://www.cryptocoinsnews.com/bitcoins-future-proof-of-stake-vs-proof-of-work/

you can also mix the systems but One thing is sure, bitcoin will never change its algorithm
jonald_fyookball
Legendary
*
Offline Offline

Activity: 1302
Merit: 1004


Core dev leaves me neg feedback #abuse #political


View Profile
January 09, 2015, 08:43:45 PM
 #4

Has there been any implementation of an altcoin which rewards proof of work to a maximum limit only? This way the maximum power of each node is capped.

This doesn't seem possible.
 
How would the network uniquely identify a node?  By IP address? 
It is easy to get blocks of IPs and broadcast winning blocks from
any one of them.

And what's the motivation behind this idea?

Flashman
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


Hodl!


View Profile
January 09, 2015, 08:47:21 PM
 #5

And what's the motivation behind this idea?

To return the means of production to the proletariat... probably.

TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6

Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins.
fordlincoln
Full Member
***
Offline Offline

Activity: 152
Merit: 100


View Profile
January 09, 2015, 09:53:21 PM
 #6

Proof of existence from Factom
Factom.org
goosoodude
Hero Member
*****
Offline Offline

Activity: 584
Merit: 500



View Profile
January 09, 2015, 10:34:36 PM
 #7

Has there been any implementation of an altcoin which rewards proof of work to a maximum limit only? This way the maximum power of each node is capped.

I saw a variant of this suggestion some days back. Its not possible, anybody can set up multiple miners and go around it.






██████████████████████████████████████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████████████▄▄▄███████████████████████
███████████████████████████████████████████████████████████████████████▀▀▀████████████████████████
██████████████████████████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████████





...INTRODUCING WAVES........
...ULTIMATE ASSET/CUSTOM TOKEN BLOCKCHAIN PLATFORM...






Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!