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"more hashes != more security" is true even if POS does not work (or rather, security scales sublinearly with hashes - economies of scale + diminishing returns
by jabgrabdthrow 12y ago
"more hashes != more security" is true even if POS does not work (or rather, security scales sublinearly with hashes - economies of scale + diminishing returns on value of security). Nothing-at-stake is solved by DPOS, the ethereum team lags behind POS development by a few months it seems (they just mentioned using TAPOS a few weeks ago when the inventor has moved past it a few months ago).
- DennisP 12y agoWhat are DPOS and TAPOS?
- kolinko 12y agoDPOS = Delegated Proof of Stake. Owners of the majority of the stake (stake = all the coins) designate a limited set of servers to handle the blockchain operations. Thanks to this, there can be just 100 nodes interacting very quickly with each other and yet just as trustworthy - if not more - as the current bitcoin system.