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Yeah the proof of work is probably the less elegant aspect of it all, I can agree with that. But theoretically you could replace by any other function that's di
by simias 9y ago
Yeah the proof of work is probably the less elegant aspect of it all, I can agree with that. But theoretically you could replace by any other function that's difficult to compute but easy to verify. Maybe it's just a solution in search for a problem.
- ufo 9y agoI don't understand how that would fix proof of work. The whole point is that the voting power is proportional to how much computational power you are willing to burn away, in order to protect against Sybil attacks.
- simias 9y agoI was thinking that eventually we may discover a proof of work that would actually compute something useful instead of burning electricity away. One can hope at least.
- arthurcolle 9y agoEthereum
- xg15 9y agoI'm not savvy in the technology, but are the contracts actually executed as part of mining?