Post
Topic
Board Announcements (Altcoins)
Re: Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come
by
Crypthos
on 08/03/2017, 00:36:39 UTC
I really like Monero in the sense that it is the closest we have today as digital cash, even more than Dash, but reading some info i'm starting to believe that proof of work is broken against big players (Pools), whoever they are if they have the money they can buy huge mining power and take more than 51% of any network. Proof of stake is fucked in the sense that whales are the ones that can make decisions and voting on the blockchain.

Good that Nexus is heavy on developing a Trust Network, because eventually the two POW mining channels are going to run out of reserves and only nPOS will support Nexus network, this new approach may finally put and end to this "take over" of crypto-currency just because i have the money or power to do so.

The tech on Monero is great but as it is only a POW coin it will be really sad to see that blockchain collapse because of this huge "Unknown" mining pool with such a mining power. I'll leave the article here for you guys to read and get to your own conclusions about POW Mining.

http://hubpages.com/technology/Monero-Attack-of-the-Dwarf

As a final question, in ten years time more or less when Nexus POW mining finish, will it be enough just with nPOS and  Trust Network to protect Nexus from an external force with big power and resources?