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There is another interesting idea buried in there: switch from a "lottery" to a "raffle" (their terminology). Or in more standard terms - change from a winner t
by 314 10y ago
There is another interesting idea buried in there: switch from a "lottery" to a "raffle" (their terminology). Or in more standard terms - change from a winner takes all distribution of rewards to a proportional distribution: everybody who mines the next block in the chain get some reward.
I did not see any ideas for how this could be implemented, but it could remove a drive towards centralisation from the current blockchain approach.
- jerguismi 10y agoDon't mining pools do this already to some extent?
- duozerk 10y agoThey do; but the proposed system would do the same thing in an entirely non-centralized way. This would be a good thing because as it is now, there are multi-coins pools that will switch their users' hashing power to other chains depending on how profitable coins are. The concern is that large mining pools have a lot of combined hashing power and some dishonest ones could consider switching that power to specific coins not based on the revenue potential but for other reasons (51% attacks and the like).