Re: 🔥⛏️ [MAINNET] [UPX] uPlexa ⚡️ Browser Based Anonymous Blockchain Powered by IoT
I've heard about masternodes, eventually? can one core Team member confirm that it's in the plans?
I think that would be very nice, at one point in the evolution of the project, to replace the current PoW mining system by a PoS/MN, and simultaneously find a way to give the PoW-er to IoT devices. As of today, and even though Android systems can already participate in the mining party, the balance is clearly in favour of the "big computers". Which, in the logical evolution of the project & the network, sounds logical. In the first moments of a crypto project, you need to build up and stabilise the network, and incentivise the people who are gonna bring this initial power, aka mining rigs.
Giving the whole power exclusively to IoT devices in the very first place would probably have been a mistake, as the project doesn't have enough market influence to release integrated miner on all the existing IoT devices. It's something that will have to come progressively.
That's why I was having this "masternodes / PoS switch" idea.
I'd like to have your opinion on this? community & core Team
I think that would be very nice, at one point in the evolution of the project, to replace the current PoW mining system by a PoS/MN, and simultaneously find a way to give the PoW-er to IoT devices. As of today, and even though Android systems can already participate in the mining party, the balance is clearly in favour of the "big computers". Which, in the logical evolution of the project & the network, sounds logical. In the first moments of a crypto project, you need to build up and stabilise the network, and incentivise the people who are gonna bring this initial power, aka mining rigs.
Giving the whole power exclusively to IoT devices in the very first place would probably have been a mistake, as the project doesn't have enough market influence to release integrated miner on all the existing IoT devices. It's something that will have to come progressively.
That's why I was having this "masternodes / PoS switch" idea.
I'd like to have your opinion on this? community & core Team
I can say with certainty that this very conversation has been had and will likely continue as we want to be as forward thinking as possible. Especially with regards to speed. But this is not something that would happen in the near future. The current tech needs to be leak proof and any new implementations need to be heavily audited. This is a big protocol change and a deviation from the original concept. Not that deviation is wrong but allowing casual miners to benefit was the reason uPlexa exists. This was always our intention, so any changes will keep this at the fore front of discussion. Our current intention is not to exclude any miners(except asics of course) but find balance that will make it less attractive to equipment farms and continue to incentivize IoT devices.
Its a good debate and nothing is off the table.