4 ms·
Wouldn't work, the security of PoW explicitly relies on waste. If the external value from mining is X and an attack costs Y, the net cost of the attack is X-Y=Z
by nootropicat 7y ago
Wouldn't work, the security of PoW explicitly relies on waste. If the external value from mining is X and an attack costs Y, the net cost of the attack is X-Y=Z, so the real security is Z, the waste portion.
- koheripbal 7y agoNot necessarily waste, no. It just needs to be unpredictable. I think PrimeCoin was a great example of a PoW that had very small but non-zero value.