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Engineers have built new methods to secure blockchains that don't require mining. Maintaining a blockchain can be almost free. You could do it using an unnotice
by natrius 11y ago
Engineers have built new methods to secure blockchains that don't require mining. Maintaining a blockchain can be almost free. You could do it using an unnoticeable fraction of your computer's power and bandwidth.
To clarify, I wasn't talking about just transaction fees, I was talking about economic transaction costs: https://en.wikipedia.org/wiki/Transaction_cost https://en.wikipedia.org/wiki/Transaction_cost
- TylerE 11y agoOh really? And these are secure exactly how? Or does this first party with enough motivation to build a custom ASIC (or hell, right some custom GPGPU code) ownzerz the network?
- sanswork 11y agoRead up on Proof of Stake.
- exo762 11y ago> Engineers have built new methods to secure blockchains that don't require mining. Whitepaper or it didn't happen. Unless you are not talking about blockchain but about distributed database under some form of central control.
- sanswork 11y agoSearch for Proof of Stake. There are a few implementations currently.