Post
Topic
Board Announcements (Altcoins)
Re: [IPO-ANN][NEON] :: Neon :: The Most Advanced Second Generation Currency
by
BitThink
on 06/01/2014, 07:20:58 UTC
can you be more specific about how this works

Quote
Every 1440 minutes the network will check how many nodes where online and supporting the network and reward 57600 NEONs proportional to the uptime of the nodes.

how does "the network" check this. the node that authors the block surely must make the decision about which nodes have been running and for how long those nodes have been running. what if that author lies? how does anyone know? how could any node possably know about ALL of the other nodes. how can everyone be expected to know about all of the nodes so they can know to reject the chain if the block author is lying?

I haven't seen this great question be answered yet. As a decentralized application, there's no central server to do the statistics. How the network check the online status of each nodes and how the nodes prove their uptime?

You may setup a central node to distribute the rewards, but how could this node know the exact uptime of each other client? Remember not all nodes connected to this central node, otherwise it becomes not decentralized at all. This is the most innovative part of this proposal and needs more verification since it's not applied in all existing coins.