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First we had proof of work, now we have proof of space. Both are rather wasteful. The challenge appears to be to create a proof of something beneficial for soc
by Tepix 6y ago
First we had proof of work, now we have proof of space. Both are rather wasteful.
The challenge appears to be to create a proof of something beneficial for society, like "proof of clean energy generated", "proof of not flying", "proof of vegan lifestyle" or "proof of CO2 sequestered".
- M4v3R 6y agoThere already exists a cryptocurrency that is both environmentally friendly, fast and fee-less - Nano [0]. It uses something called directed acyclic graph (DAG) and while it does require proof of work it’s only for sending transactions to prevent spam, not for mining. It was created a few years ago but only recently it starts to get more traction. I used it a couple of times and it worked great. [0] https://nano.org/ https://nano.org/
- dkarras 6y agoProof of X unfortunately has to be capable of being verifiable by a computer without human intervention.