How is this different from what Komodo is already doing? It looks like dPoW, just with a new name?
I'd like to hear more as to the answers on these two questions as well please
Thanks!
How is this different from what Komodo is already doing? It looks like dPoW, just with a new name?
Same question... the komodo guys have been providing btc level security for their chain and the asset chains they secure for over a year now. Tell me how is your concept revolutionary?
Thanks for your interest in the project!
dPoW is a delegated system where a small group of publicly-known "notarization nodes" are entrusted with stamping data to Bitcoin. In addition, the creation of blocks is effectively nearly completely centralized to these dPoW miners as well, similar to dPoS systems from a censorship and centralization perspective.
Proof-of-Proof is the first consensus protocol to enable inheriting the full Proof-of-Work security of another blockchain which adheres to the original ethos of Bitcoin: decentralization, trustlessness, transparency, and permissionlessness. Anyone can freely join or leave the PoP mining process, and there is no known group of PoP miners who can collude or be coerced/compromised.
Was recently linked here from Team account on Twitter when I asked essentially this question in a Tweet. First of all phenomenal proactivity by the team!
Second, this answer leads me to a second question: How does Proof of Proof differ from merge mining? Namecoin and some of its forks (Huntercoin, XAYA) have been able to leverage Bitcoin's security via a merge mining approach. At one point, Namecoin was actually the blockchain with the highest hashrate across all crypto (when Bitcoin Cash fork happened, as BTC and BCH miners were both merge mining Namecoin).