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How is this going to be better than scrypt PoW which is designed to be more decentralized by requiring a lot of memory?
by Kinnard 9y ago
How is this going to be better than scrypt PoW which is designed to be more decentralized by requiring a lot of memory?
- wmf 9y agoScrypt (the version that cryptocurrencies use) is broken, but if you compare memory-hard PoW such as Cuckoo Cycle against proof of space we can assume that most people have more unused storage space than unused RAM and thus space is a cheaper resource, possibly leading to more decentralization.
- mintplant 9y ago> Scrypt is broken Broken how?
- tromp 9y agoProof of Work demands cheap verification, but Hashcash with scrypt requires as much memory and time for verification as a single solution attempt. So while scrypt itself is not broken, its feasibility in a proof of work system with a serious memory footprint (e.g. exceeding a single DRAM chip) is.
- tgragnato 9y agoHe's developing a more detailed discourse about his idea here (in the last 15 minutes).. https://stealthisshow.com/s02e14/ https://stealthisshow.com/s02e14/ http://content.blubrry.com/stealthisshow/S02_E13_The_Future_Of_BitTorrent_with_Bram_Cohen.mp3?_=1 http://content.blubrry.com/stealthisshow/S02_E13_The_Future_...