achieve sybil attack resistance using an existing distributed asset: domain name |
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pwn8: The idea is simple. Each node must have a valid domain name. A node is randomly selected to mine a block. Using an internet asset to create a decentralized and energy efficient cryptocurrency. |
odolvlobo: Quote from: pwn8 on March 31, 2023, 01:39:12 AM The idea is simple. Each node must have a valid domain name. If the solution were so simple, it would have implemented a decades ago. What stops a node from having multiple domain names? You have only replaced proof-of-work with proof-of-domain-names. |
pwn8: nothing. nobody has implemented this idea before because maybe it is not "decentralized" enough. That is the idea, more domains more voting power. Proof-of-domain system. If any programmer is interested in building an energy efficient cryptocurrency, in line with the idea of the internet, and more decentralized than the proof-of-stake mechanisms please give us feedback |
ymgve2: This is a bad idea - the domain name "economy" is based on the name itself being valuable, if suddenly just having a domain would be valuable in itself, you would see billions of domain names registered the instant it goes into production, probably by some non-US country administration that can register any amount of domains they want in their TLD for free. |
pwn8: just limit the tld to .com and a few others |
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