Post
Topic
Board Bitcoin Discussion
Re: Proof of Work algorithm in the public chain.
by
A.N.D.
on 23/01/2020, 19:47:57 UTC
I think that proof of work is starting to become obsolete, proof of stake is better and delegated proof of stake seems to be the top contender. I know Bitcoin is the foundation but I think in the future better algorithms will come and replace both proof of stake and proof of work. You also have Byzantine Fault Tolerance and proof of weight. I think the best consensus algorithm is delegated proof of stake, Tron and EOS seem to have the most Dapps on the market and receive the most support.
At the beginning of 2019, the Ethereum Classic network survived the 51% attack. I think the proposed P-POW algorithm could prevent such an attack.