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June 08, 2018, 02:21:10 PM |
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SONDER PoW or Proof-of-Work is one of the ways to protect against
cyber attacks, for example, such as a distributed DoS attack,
the main purpose of which is to overload the computer system
with a large number of false requests But whereas the high reliability, PoW-mining requires a huge amount of
electricity, which is spent on completely meaningless calculations, which have neither
practical nor scientific value. Their goal is to complicate the task for those who want to
hack the network. However, payments for failure for the attacker will be only electricity
bills, and unearned profit from mining.
By the end of 2017, Bitcoin's crypto currency already consumed elctricity as much
as Ecuador, while an average transaction cost of 206 kWh was consumed per
transaction. At a price of $ 0.06 per kWh (the price in Inner Mongolia, where China's
largest mining companies are located), it means that one transaction should cost at
least $ 12.36, and that lower fees are possible only thanks to investors who continue
to buy crypto currency from the miners.
PoS is another way to validate transactions and to arrive to consensus in a
distributed network, where each node maintains a transaction history. The main
diference from PoW is that the miner, who services the network, processing and
adding new blocks to the blockchain, gets a reward not from the capacity of the
equipment
WHY POS?
PoW or Proof-of-Work is one of the ways to protect against
cyber attacks, for example, such as a distributed DoS attack,
the main purpose of which is to overload the computer system
with a large number of false requests.
LOW TRANSACTION COSTS. 0% FEE
Sonder is ideal for commercial microtransactions and aims
to reduce their cost to zero. Achieve such efective results will
allow PoS and a competently built internal system "Taxation".
As the network is incredibly light, the cost of the node's
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involved for mining, from the amount of its share in the project in the form ofinvolved for mining, from the amount of its share in the project in the form of project
tokens. The key idea behind PoS-mining is that a player who managed to buy more
than half of all coins of PoS-cryptocurrency is unlikely to be interested in attacking the
network and undermining the credibility of the crypto currency, as he will be the main
investor interested in the success of the project and the price increase. In PoW mining,
on the contrary, it would be advantageous for large pools to unite in order to control
more than 51% of all capacities together, which would allow attacking the network
itself, manipulating the exchange rate, increasing product volatility for more profit from
selling and buying a token. In the long run, the features of PoW-mining can lead to
serious difculties and even call into question the survival of PoW-cryptocurrency.
Another important aspect is the deficit in the market of computing equipment.
With explosive growth, the crypto currency in 2017 is proportional to this growth and
the demand for mining equipment has increased. Shares of companies such as Nvidia
take of in price, which is also proves the demand for equipment for mining. At the
moment, many companies supplying computer equipment introduce limits on the sales
of video cards in one hand, which increases their value in the secondary market. But
with such problems do not encounter the giants for the production of cryptocurrencies,
which have large direct deliveries at favorable prices, which fundamentally
contradicts the idea of decentralization of the crypto currency when the computing
power flows to several people
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