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Proof-of-work was created precisely to prevent a Sybil attack, but while allowing an open network (i.e. not having to buy the token from the creators). You nee
by danuker 5y ago
Proof-of-work was created precisely to prevent a Sybil attack, but while allowing an open network (i.e. not having to buy the token from the creators).
You need a form of scarcity to prevent a Sybil attack.
Solved cryptographic puzzles of an adjustable difficulty is one such form of scarcity.
Does this address your concern about relevance?