Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools
by
angrybirds.allen
on 10/06/2020, 05:46:45 UTC
If this mechanism works properly, I think the project has great potential. Indeed, no matter which hash function you choose, as long as you use the same idea of traditional PoW, pools are inevitable.
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BoardAnnouncements (Altcoins)
Re: [ANN] Luck: A new cryptocurrency with two-phase-proof-of-work
I do not think that a model like this will work. It's just turning the power monopoly into node monopoly. A miner who have more nodes, his monopoly remain unchanged. Maybe I am wrong, I hope this mechanism works better.
The power monopoly is theoretically caused by cooperative mining. In this project, the cooperative mining is irrational, which will generate a large number of miners instead of mining pools.
thanks, it looks like it will be better than Bitcoin.
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BoardAnnouncements (Altcoins)
Re: [ANN] Luck: A new cryptocurrency with two-phase-proof-of-work
by
angrybirds.allen
on 08/06/2020, 08:37:46 UTC
I do not think that a model like this will work. It's just turning the power monopoly into node monopoly. A miner who have more nodes, his monopoly remain unchanged. Maybe I am wrong, I hope this mechanism works better.