4 ms·
Someone thought of something called "proof of storage" instead of "proof of work". Not sure if it would work, though. But the "waste" would be in data storage
by lectrick 13y ago
Someone thought of something called "proof of storage" instead of "proof of work".
Not sure if it would work, though. But the "waste" would be in data storage instead of power usage.
- Nursie 13y agoProof-of-x seems inelegant to me, it's unnecessary for a currency. It may be necessary for a decentralised currency like BTC, but it's not part of all schemes. I don't tend to prefer a currency that requires vast waste of resources to bootstrap and protect. As a method of slowing things down (like the various spam-email limiting proposals) they're great, though.