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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 11 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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