- PoW: new idea, prime numbers, not Cunningham chains
Any technical details?
Details of how the PoW algorithm works will be released this week, but the source code will be provided at launch time.
What is the utility of hashing prime numbers? Or are you searching for large primes (as opposed to cunningham chaims of Primecoin)?
This question will be better explained in a few days when I release the details of how the PoW works.
But yes, we'll be searching for large primes, and as the difficulty increases the size of the primes will grow larger. In fact that's how the retarget works: every 288 blocks a new size for the required primes is calculated in order to have 1 block every approx 2.5 minutes.
In contrast, Primecoin puts an upper bound on the size of the primes in its chain.