4 ms·
I think proof of burn could work in case of 2 blockchains - first is powered by good old proof of work, second is using proof of stake. Proof of stake validator
by viach 9y ago
I think proof of burn could work in case of 2 blockchains - first is powered by good old proof of work, second is using proof of stake. Proof of stake validators could burn coins in 1st blockchain and reference these transactions from the 2nd. Actually, there could be > 1 proof of stake blockchain parasitising on a shared proof of work blockchain. Oh ok, seems like a white paper just born...
- lucb1e 9y agoBut if your good blockchain depends on a bad one (i.e. burning real-world resources), how is it ever going to require burning less real-world resources than only having a bad one? If you propose to just burn less, then any attacker is going to attack the weaker chain.
- viach 9y agoYes, there is still burning of electricity, in this scheme, but the number of dependent PoS blockchain can be many times > 1. So that we burn real energy once and build many energy efficient blockchains on top of it.