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October 16, 2015, 09:16:09 PM |
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Hello, I'm not very knowledgeable, I just wanted to share an idea I had, just in case.
It is an idea against mining centralization.
The thought is that, instead of having only one difficulty, there would be multiple difficulties, each tied to a mining token. Each mining token has a difficulty which adjusts differently according to how often it solves the block. The total mining difficulty doesn't change. To solve the block, you must supply the token, and a hash under its difficulty. The token can be traded, like the currency (so it has a market of its own). Maybe, mining tokens would be generated as BTCs are, so that everyone can be a miner. The thought is that no matters how fast you mine, if you have X% of the mining token, you'll have X% of the rewards (in probability). It seems it would slow down the hashing rate, but there's still incentive to hash fast enough against attacks, for the token and BTC to keep its value.
This is the end of the idea. I couldn't debate, or develop more. I don't have the capacity to see if it makes sense, or is useful, or the danger it creates.
It is just something to consider, mining tokens. I didn't find it with search.
Thanks
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