Re: [ANN][C2] Coin2 | POS | Official Thread | BF3 | BF4 | CS:GO | Chain of Conflict
@nrigo
Is proof of space also being considered as well? It's a pretty neat feature I enjoy about Burstcoin.
Multi-Algo PoW (3 or perhaps more?) + Proof of Stake + Proof of Space
PoW = 20%+20%+20%
PoS = 20%
Proof of Space = 20%
Would make for a really secure block chain.
Also what are your thoughts on having a very quick block time? Something like 7.5 or 10 seconds? Transaction times would be super fast; perhaps faster than any coin out there and hopefully we can have low fee's on top of that.
Proof of Space (or Proof of Capacity) could be considered as well. Thank you for this great idea Is proof of space also being considered as well? It's a pretty neat feature I enjoy about Burstcoin.
Multi-Algo PoW (3 or perhaps more?) + Proof of Stake + Proof of Space
PoW = 20%+20%+20%
PoS = 20%
Proof of Space = 20%
Would make for a really secure block chain.
Also what are your thoughts on having a very quick block time? Something like 7.5 or 10 seconds? Transaction times would be super fast; perhaps faster than any coin out there and hopefully we can have low fee's on top of that.
We have to be very careful with the block time and with the block reward. Super fast transactions could also mean super fast inflation.
You're very welcome! Yeah I was thinking proof of space (proof of capacity) could be appealing for those with poor hardware but also as a green energy efficient claim we can add to the resume.
Good point on inflation. Hope there's a way we can have the fastest transactions of all coins but keep inflation in check.