Quote from: monsanto on January 12, 2018, 08:31:12 AM

Quote from: DollarBit on January 12, 2018, 05:46:54 AM

Proof-of-Q (PoQ) is an evolution of the Proof-of-work (PoW) algorithm, expanding on the original concept by introducing the Participation Coefficient (Qp). PoQ embraces the egalitarian principles established by Satoshi Nakamoto and aims to ensure system-wide stability and network balance by incentivizing the participants to maintain continuous participation in the network using several weighted metrics in addition to the computationally intensive puzzles in order to validate transactions and create new blocks (mining) such as the frequency of the participant's transactions, and the time a participant spends in the cryptocurrency blockchain network etc. In PoQ-based blockchain, the participant with a higher Qp is more likely to be chosen as the creator of the next block and have their transaction processed first.

PoQ & the Participation Coefficient (Qp) sounds a little like NEM's proof-of-importance. IIRC it incorporates a metric based on transactions on the network.

you are correct that PoQ is a "little like Nem's proof-of-importance". however, PoQ is an evolution of PoW, while PoI is more like PoS.

/thx/

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