Hey everyone, happy new month! I know we're all excited and planning to make this month more productive. I've been searching for interesting projects and stumbled upon something that caught my attention - Useful Proof of Work (uPoW). I dug deeper and found that uPoW is a novel consensus mechanism that leverages CPU and GPU resources to train AI models, making mining more efficient and environmentally friendly.
Projects like Qubic are currently using this method of consensus, which I find really promising. With the recent focus on eco-friendly mining, I've been exploring projects with similar attributes. Has anyone here come across uPoW or similar projects? What are your thoughts on this mechanism? Please share if you know of any projects that utilize uPoW!
It's just a term used for catch, POW uses resources based on how much miners are operating so if the number of mining operators increases the resource will also be increased so thus the decentralization and that's the beauty of decentralization. There is no way to build a mechanism running on PoW utilize less resources but is decentralized.