4 ms·

Edit: I misunderstood how the system would work, sorry.

• politician 7y ago
  Can you explain the attack that you have in mind? I understand Sybil resistance, but I'm having a hard time thinking about applicability under the schemes I'm aware of.
  • Sargos 7y ago
    I misunderstood how the account system would work I think. Sorry. I'm still wondering how it would choose who gets to make the next block. If 8 people have huge storage and one needs to be picked to make the next block who wins? All 8 of them would presumably get the "answer" right immediately right? One of the highlights of proof of work is that it mathematically keeps block times at 10 minutes. I don't fully understand how this system works.
    • politician 7y ago
      AIUI, the idea is that a solution is a path through a "hard-to-pebble graph", and that the consensus advances by awarding rewards to blocks that take the shortest path. The combination of a short transaction window and the massive search space work to reduce the probability that multiple miners find equivalently acceptable solutions. Some schemes have additional features that make the next block dependent on the earlier blocks, so that the chains can't easily be forked long after the fact.
      • Sargos 7y ago
        Wow that's pretty cool. Thanks for explaining it.