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Re: [ANN] [ICO] HOARD - Cash & Crypto Wallet + Open Source DEX
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Blockchainbrain
on 15/09/2018, 17:45:34 UTC
Hoard, after reading more and more about the project is definitely bringing a new system and solution into the Cryptosphere! In saying this, I would love to know why Proof of Service/Proof of Stake was chosen? I found that with although PoS solves many concerns with regards to higher speed, efficiency and less hardware, it opens up other areas of concern.

Do you find the vulnerability aspect of Proof of Service/PoS a problem? For example, an individual with enough money will invest exclusively into the potential destruction of this system can do easily by investing money, as opposed to Proof of Work where one would also need to invest money, time, expertise, hardware and electricity.

How do you also mitigate against risks of attacks in your system? The thinking here is that if fewer people are in charge of keeping the network alive, one would automatically think it would be easier to organise a 51% attack and therefore, power is centralised in the hands of a few individuals.

Kind Regards,
Blockchain Brain