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I certainly look forward to seeing real problems solved with these algorithms, but right now that work seems to be lost in the noise of crypto. I'd be curious
by staticassertion 5y ago
I certainly look forward to seeing real problems solved with these algorithms, but right now that work seems to be lost in the noise of crypto.
I'd be curious to hear more about decentralized rate limiting. That sounds like a reasonable problem to solve with PoW. Although it also sounds like a problem I can solve pretty easily today without PoW so idk.
- CuriousCosmic 5y agoI posted about this elsewhere in this thread but you might be interested in this paper: https://eprint.iacr.org/2021/1379 https://eprint.iacr.org/2021/1379 It gets about 50% efficiency compared to the current state of the art for the problem space without compromising any of the security properties that make for a good PoW algorithm. Generally I'm not a fan of PoW and prefer internal resource based consensus algorithms but PoUW algorithms seem rather interesting. I think we are reaching a point of maturity in the space that'll allow these types of self-securing service marketplaces (which really is what PoUW is) to reach their logical conclusion.