Well, this is interesting! Most of the exchanges I know focuses on PoW and PoS. I've just researched about PoC (Proof of Capacity) and if this really focuses on HDD free space, well its really much cheaper and energy efficient! Not to mention that an exchange could be owned by anyone? How's that possible!
I can't wait to know more of this project!
Well, here's some advantages of using PoC that I searched up in a
website which might help you guys understand more.
- You can use any regular hard drive so other miners won’t have gained an advantage from buying specialized equipment, such as with ASIC mining for Bitcoin.
- Using hard drives is 30 times more energy efficient than ASIC based mining.
- Proof of capacity is more decentralized because everyone has a hard drive. You can even mine from your Android phone’s hard drive.
- Miners don’t have to continuously upgrade equipment. Older hard drives can store data just as well as new ones.
- When you are finished mining, you can clear your hard drive and use it for its original intended purpose