Hoard, after reading more and more about the project is definitely bringing a new system and solution into the Cryptosphere! In saying this, I would love to know why Proof of Service/Proof of Stake was chosen? I found that with although PoS solves many concerns with regards to higher speed, efficiency and less hardware, it opens up other areas of concern.
Do you find the vulnerability aspect of Proof of Service/PoS a problem? For example, an individual with enough money will invest exclusively into the potential destruction of this system can do easily by investing money, as opposed to Proof of Work where one would also need to invest money, time, expertise, hardware and electricity.
How do you also mitigate against risks of attacks in your system? The thinking here is that if fewer people are in charge of keeping the network alive, one would automatically think it would be easier to organise a 51% attack and therefore, power is centralised in the hands of a few individuals.
Kind Regards,
Blockchain Brain
Hi Brian. Well be relying on the hashing power and security of Ethereum when we launch. Weve deliberated at length about creating our own blockchain, likely a clone of ethereum but still leveraging their networ date transactionsk. It hasnt been decided.right now were relying on Ethereums smart contract maturity, dev community, and hash. We didnt want to make the mistake of so many new coins creating their own blockchain, PoW, without the support of a large community in place.