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Both those articles on DPoS are referring to master node type coins. Nano's model is different in a couple fundamental ways: > Block producers are those respon
by zepolen 6y ago
Both those articles on DPoS are referring to master node type coins. Nano's model is different in a couple fundamental ways:
> Block producers are those responsible for creating and signing new blocks. They are limited in number, and are elected by the voters.
Nano uses block lattice so there aren't a limited amount of block producers, every account produces its own blocks on it's own blockchain.
> Because the delegate rewards in EOS are now so high (5% annual inflation, about $400m per year),
Nano has zero rewards to run representative nodes, this is important to avoid emergent centralization https://medium.com/@clemahieu/emergent-centralization-due-to-economies-of-scale-83cc85a7cbef https://medium.com/@clemahieu/emergent-centralization-due-to...
But theory is one thing, in practice:
- Bitcoin/Ethereum is centralizing over time due to mining pools: https://arxiv.org/pdf/2101.10699.pdf https://arxiv.org/pdf/2101.10699.pdf
- Nano is decentralizing over time: https://nanocharts.info/p/01/vote-weight-distribution https://nanocharts.info/p/01/vote-weight-distribution
- gillesjacobs 6y agoLooks interesting, I will look into Nano's dPoS better because it looks like it makes good trade-offs. Thanks for the info.