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I think mining based crypto-currencies are not the way forward. Consensus based protocols like are far more practical.

• DennisP 12y ago
  I've yet to find documentation describing those protocols clearly. Do you have any links? (Of course there were consensus protocols already in distributed systems research, but generally they've relied on having a known set of nodes.)
  • amalag 12y ago
    Ripple is trying it, but they have issues. As far as I know the issues are not technical, but business related. https://ripple.com/wiki/Consensus https://ripple.com/wiki/Consensus
  • oillio 12y ago
    There is also Maidsafe: http://maidsafe.net/ http://maidsafe.net/ They are building a distributed file store system. They use consensus algorithms to ensure data integrity. There is a specification for a crypto-currency on top of that. I do not believe the consensus algorithm has been fully implemented, but what they have looks promising. The documentation is not great, but here is a link to more technical detail about how data is stored in the system: https://github.com/maidsafe/MaidSafe-Vault/wiki/Documentation https://github.com/maidsafe/MaidSafe-Vault/wiki/Documentatio...