is there a link where I can read which method will be used to distribute LISK?
I think what you are looking for is in this text from my previous posts:
LISK HOLDS THE FOLLOWING ADVANTAGES OVER ETHERIUM:Javascript language simplicity vs Solidity language complexity
Like I said ... easy to write a Javascript compiler to Ethereum bytecode Let me know when it's done...or even started. Even if an Ethereum JavaScript compiler existed, Solidity is still an unstable language - why paste a compiler on top of it?100,000+ JavaScript programmers vs. few Solidity programmers
The above argument eliminates this so called advantage of liskThe above argument is vaporware. JavaScript programmers can start coding Lisk dapps right now.Single hash generated vs. trillions of valid but discarded hashes generated to secure blockchain in one blocktime
Makes no sense at allI've explained this several times. Churning out trillions of wasted hashes means lots of wasted electricity - like literally a nuclear powerplant's worth for Bitcoin - and is an ever-growing financial overhead that will ultimately kill the coin.Cooperative, efficient blockchain generation vs. competitive, wasteful blockchain generation
looks like the same as aboveNo, it's the key reason Lisk can run on a $9 CHIP computer and Ethereum can't. Economies of scale hugely favor Lisk over BTC/ETH.Stable roundtable clockwork forging vs. unsustainable, exponentially growing free-for-all mining
Forging is no different than mining ... just different ways to make the currencyIt is so sad to see people that don't understand enough math to get why exponential growth is unsustainable, or why a stable system is different and better from an unstable one.Dapps on individual sidechains vs. dapps on bloated mainchain
Ethereum dapps are also sidechains .. lol .. you seem to be uninformedThe Ethereum Guide says its dapps are deployed on the mainchain ( https://gavofyork.gitbooks.io/turboethereum/content/dapps_deployment.html ). Practically, in Ethereum dapps are just specialized "contracts". There's my showdown cards in this poker hand - what's your counter-reference to prove what you are saying about Ethereum sidechains? Prove to me that each dapp in Ethereum has its own separate blockchain as they do in Lisk.Min of 2-4 to max of 101 cheap $35 Pi2 / $9 CHIP microcomputers needed for each sidechain backbone vs. large, unlimited numbers of expensive GPU systems needed for mainchain backbone
The GPU rings will not be used once POS for eth sets inSo...PoS for ETH is vaporware, got it. How can you know that Eth PoS will run on microcomputers like Lisk does if ETH PoS finally shows up? What happens to all those sad little GPU miners whose income stream will be cut off?Sidechain dapps permanently free vs. mainchain perpetual "gas" payments required
Ah ... What can possibly be the use of the beloved LISK then ... What part of "free" vs. "paying for ETH gas" is so hard to understand? Free is better. Lisk is still the exchange coin of choice within the dapp itself.Difference between Lisk Forging and Ethereum MiningLisk has 101 "Active Delegates" who consolidate all transactions that have occurred in the last 10 seconds and generate a has to secure a block adding that data to the Lisk blockchain. These 101 individuals do not compete with each other, but instead cooperate and take turns. With Lisk, generating a new block for the blockchain is called "forging" (in the "blacksmith" instead of the "counterfeiter" sense of that term), not mining. Mining is a Bitcoin / Etherium term that refers to
competitive generation of
thousands of millions of billions of useless hashes looking for a string of leading zeros in the hash that is a "lucky ticket" declaring a particular miner to be the winner of a reward. Forging is a
cooperative generation of
one and only one necessary hash to secure the Lisk blockchain, for which you are paid a set fee when it's your turn to do it. During the first year an individual Lisk forger makes 5 Lisk per block forged, which happens like clockwork about once every 17 minutes, for a total of 150K Lisk in the first year.
In a pure PoS system, the richest coin holders that set up a forging node get most of the rewards from running those nodes. With DPoS, anybody can set up a forging node no matter how much or how little of the coin they hold, as long as they pay (for Lisk) a 100 coin start fee. Under DPoS, a poor coin holder / node runner gets the same rewards as a rich coin holder / node runner. Thus there is incentive for poor coin holders to run a good node to increase their coin holdings. Since there's a lot more poor coin holders than rich ones, the pool of potential node runners is much bigger. This is a Good Thing.
Lisk generating only one hash per blocktime is one of its huge advantages over Bitcoin and Ethereum and their huge waste of resources.
Lisk is literally trillions of times more efficient in CPU cycles per block generated compared to Bitcoin or Ethereum. This is why Lisk can use really cheap computers, while Bitcoin and Ethereum are trapped forever to use a hugely expensive, wasteful and unneeded overhead infrastructure - all those warehouses full of mining rigs, whether ASIC or GPU based.
Now THAT'S stupid - and most Bitcoin and Ethereum people have no idea just how stupid it is.
Lisk Coin Inflation Is Much Lower Than Ethereum Coin Inflation
Lisk DPoSWFR (Delegated Proof of Stake With Forging Rewards) Vs. Ethereum PoW (Proof of Work)PoW is an incredibly inefficient and wasteful way of obtaining security for a blockchain, and requires trillions upon trillions of wasted hashes per blocktime. The key point is
DPoS Lisk obtains blockchain security levels equal to that of PoW Bitcoin or Ethereium with ONLY ONE hash per 10 second blocktime, NOT trillions of hashes like BTC or ETH.
That's why Lisk is being valued so highly. LISK represents BOTH a revolutionary way to secure a blockchain AS WELL AS a revolutionary easy way to create sidechains and dapps.Lisk is superior to Ethereum on both counts. Period.
I know you know all these points by heart, and you're good at delivering them. But DPOS is not the panacea you think it is. If it were, every currency would move to it.
1. Regarding resilience, how do you guard against a DDOS attack on the 101 delegates?
2. Regarding decentralization, how do you prevent a Sybil attack of delegates?
3. Regarding incentives, long term, how do keep your voters interested in nominating the delegates?
Ans. 1. You can't 2. You can't 3. You won't1. Regarding resilience, I can guard against a DDoS attack by letting a big-ass firewall system pass data only from the other 100 IP addresses I know are from my fellow delegates. I don't have to respond to every packet thrown my way and so fall behind with my blocktime tasks. A DDoS doesn't have to overwhelm 101 delegates; it has to overwhelm 101 big-ass firewall systems protecting those delegates. That's a much tougher problem.
2. Regarding decentralization, I can examine each of the 101 delegates that are initially selected and make sure they are 101 individual people, then apply the same scrutiny to the trickle of replacements as they come along. Hey, I personally am doing that right now - take a look:
https://docs.google.com/spreadsheets/d/1mWcV-xWRpetdmqZ0SaI9oizulee8ZDnF-q4B4_zCCn8/edit#gid=03. Regarding incentives, I've got a 1000 BTC whale, two 720 BTC devs and a 300 BTC dolphin that will protect their investment by making sure that good Standby Delegates are promoted as required.
So...
Ans. 1. We can 2. We are 3. We will
