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Author Topic: [2018-04-27] IBM to Use Proof-of-Work for Blockchain IoT Devices  (Read 14 times)
Rick Nolan
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April 27, 2018, 09:18:15 AM
 #1

IBM explains in a patent application published Thursday, “one example method of operation may include determining a proof-of-work via a device and using a predefined set of nonce values when determining the proof-of-work, storing the proof-of-work on a blockchain, and broadcasting the proof-of-work as a broadcast message.”

Read more: https://hype.codes/ibm-use-proof-work-blockchain-iot-devices
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vit05
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April 28, 2018, 12:17:17 AM
 #2

If they are betting on POW, it means they value the security provided rather than the costs involved. DAG and PoS would be more economical, more scalable and dynamic. But we still do not have any that come close to demonstrating the resistance that POW, especially Bitcoin, has demonstrated over the years.


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