Re: Is there a better consensus based on mining? show your opinion!
I have never been minning and I might not be included here. but based on what I read, minning consumes a lot of electrical energy which is certainly not a good impact on the environment. if it is continued, then the effect will be global warming. in my opinion what should be emphasized here is how to optimize the lowest possible electrical energy. so, it doesn't cost a lot of electricity and also has a lot of electricity.
You ever heard about Proof of Participation? It's energy sufficient, probably greener than any other consensus
https://blogchainzoo.com/proof-of-participation/
Is it fundamentally different from DPOS? I think people who might support DPOS can accept Proof of Participation.
Forgive me do not have much time to carefully analyze.
Yes, quiet different. And nope, i don't think so for DPOS is way more centralized than PoP which is (from my opinion) the best option for decentralized system..
Blockchain is a reflection of a social organization, not just technology itself.
Based on the reality of the situation, POS chain's health arenot very good.
So before the POS is better, I still agree with the security of POW.
Hope ETH2 can change something..
I agree. PoW's security has been proven to be the longest secured track. But i think it won't last for so long, the fact that somebody with more processing power can take over the minority is a risky point for a decentralized network. Also considering the electricity consumption...
In this case i speak about decentralization.
The important thing is to have as many random people as possible participate in mining for the sake of decentralization and security of a cryptocurrency. Bitcoin is not enough!