DagCoin: a cryptocurrency without blocks

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Topic: DagCoin: a cryptocurrency without blocks (Read 70789 times)

Paimav

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Re: DagCoin: a cryptocurrency without blocks

May 29, 2018, 09:10:38 PM

#381

Here is a challenge for you - design such a system based on DAG that allows to issue coins a-la Bitcoin (we start with 0 supply) without weakening the security of the system. It's clearly off topic for the Bitcoin section. Cryptospace, became intoxicated by wannabe fast profit gainers, I'm truly angry, about that.

Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.

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