Assume perfect distribution of a token. What proof protocol is the fastest?
Tron is taking off because of it's SR system. It's super centralized. I don't think it will stand the test of time, but it will make a lot of people rich for now. Centralization is a huge fear with Proof of stake. Even proof of work. But let's assume that we could actually not worry about centralization. Let's assume that the token we're using the stake the network is very decentralized and will always be. What would be the ideal protocol to run on top of it? I think it'd have to be some form of proof of stake, because obviously a token is involved. There is DPoS. Like tron. but is there a more sophisticated version? Is there a list of PoS network approaches that I can look at?
you have wrong presumptions, the fastest will be that that requires no confirmations, as soon as the TX is in the mem pool it should be solid
PoW or PoS or ANYTHING DOES NOT MATTER, it matters economically and for the distribution
Dominic Brooks
Dpos is clearly faster than pos and pow. So how are my presumptions wrong?
Cooper Reyes
DPoS is way to confirm
originally BTC had 0 confirm TXs, that allowed it to be instant, as soon as you broadcasted the TX you are good
today BCH is about to reallow that with their canonical ordering
we have some other projects that can do it too, for example if the master nodes provide insurance for the TX in the mem pool
to be the fastest you have to forget about the confirmation, it does not matter what the confirmation is it will be always slower since itself has to be propagated
so 0 confirms will be at the speed of the internet
Joseph Thomas
Insurance is a good idea.
Confirmation are needed for consensus though. And you can't have consensus without confirmations
Bentley Hill
My primary concern is smart contracts and not money
Jack Perry
yes but it does not matter what it is it matter for coin distribution and economic intensives PoS is really bad economically
John Ward
Just assume distribution is a given though.
Levi Anderson
Proof of Work is a method of distribution that gives the coin generator intensive to sell and therefore create a price discovery mechanism
Proof of Stake gives you the ability to make new coins out of old ones and there is no way for new people to get in or for fair price discovery
Staking only work if the supply is unlimited as is in the real world fiat
If I stake I have no intensive to sell as the more I hold the more the price goes up and my stack goes up too. All that works only to the point where people just stop using the platform.
While with proof of work you have many many checks and balances.
Nicholas Gonzalez
nano dag tech with DPOS is the fastest right now.binance gave out stats about the fastest cryptos.
Julian Reyes
DPoS >Tx is final because the delegate says so Just use PayPal brah
Justin Mitchell
she streams on twitch
Jaxon Sanchez
Name?
Brayden Smith
user, does your mom know you're on Jow Forums again?
Angel Thomas
proof of stake can also be compensated with transaction fees
Jose Baker
instead of interest
Lucas Parker
You don't understand what he is writing about
Asher Lopez
i do. he's saying that proof of stake MUST be rewarded with interest, when it in fact can be rewarded with transaction fees.
the troublesome part is, I can't tell you how I've managed to accomplish incentivized distribution
the staking token would be inflationary too. meets all the requirements
David Hall
DiovanaKoni Just don't become an orbiter that gives thots money, user.
I've busted many a nut over her instagram photos, one of the most beautiful women I've ever seen
Xavier Rivera
good taste fellow african american
Gavin Cook
I am saying that you have no incentive to get rid of your staked coins and new coins produced be the staking, as interest or TX fees also will be held, and no coins will be sold, therefore you have stagnant system that is not flowing (no current, not currency) and it is stagnant and retracting, it has no means to expand its user base.
Mason Reed
Nano is DPOS, decentralized, instant, free, and green. Might be what you are looking for.
Jose Martin
how many cryptos to empty my sack in her?
Connor Smith
Paypal will ban me for selling certain items. Nano is decentralized, so they cannot.
Blake Murphy
she unironically lives down the road from me t. floripa fag
Sebastian Hill
>perfect distribution no token has perfect distribution, especially anything printed or sold to provide funds for developers or anybody else.
dpos is already obsolete.
Ian Sanders
iotex's roll dpos is the most sophisticated and decentralised dpos implementation yet. applications for block producers are open now, and anyone can be a block producer. also upbit is this week.
Kayden Garcia
I'm coming up with a new sidechain protocol
Hrm. If the staking goes stagnant that creates demand on one side of my incentive structure to start generating more (scarcity)
Dominic Sullivan
That's funny. Because I solved this problem
Carter Watson
you are creating a competitor like in stinkie linkies if it works, there will be 10 more like it pop over night the underlying value of a chain comes from the hashrate if you have 10 new chains, that does the same as the one original, if the one original retains most of the hash it will be the most valuable
Matthew Foster
go get your dick wet user!
Gavin Turner
Ok. So you're telling me to have a marketing strategy, right?
Btw The idea I am think of is a sidechain but requires inflationary proof of work or proof of capacity as the base network. Proof of capacity is more energy efficient than pow. And I've seen no good arguments against it.
So I may have to create a new chain too. Which will be hard to get people to adopt value into especially for the sidechain to work. So I want to explore atomic swaps and paying transaction fees with swapped tokens
Evan Bailey
>Proof of capacity is ok because it is regular mining, all the rules apply as in PoW, or gold mining
Oliver Barnes
holy fu*k i love redheads
Logan Sanders
>t.pedo
Chase Ramirez
Thanks fren, I won't..
Ryder Peterson
Which is why I believe it's fundamentally necessary in the stack. The staking tokens inherit this property but in a different way.
Now all I need to figure out is if there is a property of the network i can read to dynamically adjust how much of the PoC token is mined. I believe it needs to be inflationary, but my intuition tells me it needs to be based on the size of the network or some other property associated with size
Anthony Carter
What I'm "worried" about the most right now is receiving tokens as payment. Maybe as a means of temporarily boosting network value, especially if the PoC value will take over with adoption
Brody Rogers
She told me she was 35! That bitch set me up, your honor!