Heartbeat

[heartbeat_pow]

Greetings,

I'm looking for people who would be interested in developing an energy efficient, yet proof-of-work based cryptocurrency. Heartbeat is what I'm calling it for now.

My idea is that we will create a PoW validated blockchain that only allows mining during an approximately 3 second window, once every 10 minutes.

Mining would be initiated via network consensus. At the end of a 10 minute rest period, nodes would collectively produce a public key that would be required in order to produce the next valid block. Difficulty would be retargeted to give each heartbeat a duration of approximately 3 seconds.


I may only be able to allocate 2 hours a week towards development of this project, so if I were to go at it alone I imagine it could take me quite a while to complete. So it would be great if you could help.

Feel free to implement this idea on your own whether or not you intend to contact me.

Or is there already a cryptocurrency (not Burstcoin or any PoC/PoS coin) that accomplishes this?

Thank you for your time,

heartbeat_pow

-----BEGIN PGP MESSAGE-----
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=Rird
-----END PGP MESSAGE-----

-----BEGIN PGP PUBLIC KEY BLOCK-----
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=okOa
-----END PGP PUBLIC KEY BLOCK-----

[rico666]

It's interesting you should mention Burstcoin (the reason why I stumbled across your writeup in the 1st place) as "not quite what you have in mind".

Yet Burstcoin does pretty much what you try to achieve. The common pot you threw PoC and PoS in ("PoC/PoS") also shows little understanding what PoC actually is.

If anything, PoC can be more compared to PoW than to PoS. You could think of it as "condensed PoW" - where you do the PoW once (an act called "plotting") and then use Space to just look up your work.

On average every 4 minutes for ~ 30 seconds. Pretty much of a heart beat.

As for energy efficiency, Burstcoin is currently about 400 000 times  (more give than take) more energy efficient than Bitcoin.

Nevertheless, feel free reinventing the toroid at 2h/week pace.

[heartbeat_pow]

Hi there black swan,

Thanks for responding. My understanding is that PoC distributes a currency supply according to disk capacity, but my thought was that if a share of the currency production that is currently backed by ASICs and/or GPUs could be displaced by an algorithm that does not require constant activity, that the total energy footprint of PoW backed Cryptocurrency could be reduced. Basically a heartbeat POW coin with the same inflation curve as a comparable non-heartbeat coin would (with sufficient market exposure) be more profitable to mine due to lower electricity costs. Miners could of course switch to non-heartbeat coins during the off beat, but the additional reward for doing so would be less than the primary reward of mining the heartbeat coin (due to electricity costs). A smaller market share for non-heartbeat based coins would reduce the incentive for mining them.

I expect PoC will continue to exist in it's own space, but this idea is intended specifically as an improvement to the efficiency of the PoW space.

Please feel free to correct any holes in my logic.


Thank you for your time,

[goldminecrypto]

with the ever increasing popularity of the blockchain as well as the crypto currency market. Different types of coins are coming to the market. Especially there is the demand of energy token now. People are concerned about the green energy. This token is like that and hopes it will do well in the future.