3 ms·
Delegated proof-of-stake suffers from the same problem that all consensus algorithms suffer from: people will always be willing to spend, at most, n coins on pr
by runeks 9y ago
Delegated proof-of-stake suffers from the same problem that all consensus algorithms suffer from: people will always be willing to spend, at most, n coins on producing n coins. The only way to avoid it is by giving particular nodes the special privilege of producing coins, otherwise the free market will push up the price until there is no profit left[1].
[1] http://www.truthcoin.info/blog/pow-cheapest/ http://www.truthcoin.info/blog/pow-cheapest/