3 ms·
Have they solved the scale-vs-security problem? Bitcoin scales badly for the very reason that it is secure -- every miner keeps a copy of the currency's entire
by Jeff_Brown 7y ago
Have they solved the scale-vs-security problem? Bitcoin scales badly for the very reason that it is secure -- every miner keeps a copy of the currency's entire transaction history (the blockchain), and wastes a ton of cpu cycles on proof-of-work, racing with others to verify the next block.
Has Facebook reduced the number of players involved in mining? Are they using some other proof system?
- percentcer 7y agohttps://developers.libra.org/docs/assets/papers/libra-consensus-state-machine-replication-in-the-libra-blockchain.pdf https://developers.libra.org/docs/assets/papers/libra-consen... This is the actual tech paper, it uses proof of stake (not proof of work per your concern)
- streetcat1 7y agoI think that they plan to create a small network of trusted nodes (e.g. visa) instead of huge networks of anonymous nodes (as in the bitcoin case). If I read correctly the initial network will consists of only 10 nodes.