Post
Topic
Board Altcoin Discussion
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
by
patmast3r
on 19/01/2016, 14:04:39 UTC
From what i can gather it's even simpler than that. They'll need to contribute to securing the network in order to send a transaction.

Provided that the "proof" is not going to be a big hassle then that makes sense, however, having a very "cheap proof" will make it much easier to mount a Sybil attack.

The way I am approaching this problem is seemingly quite different to the other ways I've been reading in this topic.


Judging by how IOTA seems to be doing it it's not a big hassle, just a "small" PoW that a client has to attach to it's tx. Afaik the network will be depended on a constant stream of "honest" txs yes.