Post
Topic
Board Announcements (Altcoins)
Re: Crypti | XCR | Ͼ | 3 PoS algorithms | Ed25519 | 2nd Gen Source
by
Bitseed
on 26/10/2014, 17:29:41 UTC
What Mal has proposed has given me an idea on solving the PoT problem. I have never liked the lottery aspect of Bitcoin mining since it encourages the consolidation of mining into mining pools. Joining a mining pool lets the participant earn a steady return instead of hoping to eventually win a block reward.

With Crypti, I would rather see all nodes, or those meeting a minimum threshold of uptime, divide all of the forger portion of fees as they come in. This would eliminate the windfall a node receives if it happens to forge a block containing a large total of fees while other blocks pay less by simply distributing a portion of the fees to each node in proportion to its weight determined by PoT and PoP. This would work as a consensus system to confirm transactions as they come in. It simplifies things a lot by not needing to sort or compare weights from nodes to determine the winner of the next block.

This would maintain the decentralized architecture of Crypti, eliminate the lottery aspect, and improve network performance.

The proposed plan to attack other projects using legal means is a non-starter for me as it goes completely against my ethics. I go out of my way to avoid doing business with companies and professions which receive protectionist mercantile privilege or use the legal system to thwart competition and force people to do business with them.