Post
Topic
Board Bitcoin Discussion
Re: Issues with Proof-of-Work
by
aidoyoh
on 30/01/2023, 22:18:03 UTC
@franky1
Yes I agree the main issue with having everyone involved is bandwidth. Syndication/pooling risks are a result of bitcoin/POW being permissionless and based in computational power. Using a different mechanism this risk may be minimized or eliminated.

I’m currently working on developing a new mechanism called Proof of Presence built around optimizing network participation and communications. The vast majority of the initial network will be distributed for free as proof of concept. This is also to ensure initial distribution is broad and unbiased and will instantly transition the network to complete decentralization. I was planning on using discord for communications and community building but I’m open to alternatives as well.