What's this web of trust thingy? I read skycoin is using it and that it is a less energy intensive process than pow or pos. Can anyone further explain?
Web of trust? Skycoin
James Jenkins
Landon Fisher
My understanding is that it creates a network of P2P users that allow a faster and more integrated while decentralised communication between various machines. They use a different miner, though for that, named skyminer. It's a pretty neat idea, free internet more or less.
Anthony Barnes
Yeah, less energy consumption, more money in your pockets, but the trust is within community
Levi Lewis
Could you imagine being the fool who didn't buy SKY at $15?
I know people with a goddamn mortgage on TRX who don't even know what it does, and SKY would be $150 if it had even half of Tron's market cap.
Fudders get cucked and keep grasping at straws
>muh antenna fud
>muh scam fud
>muh kittycash fud
>muh synth is weird fud
Stay deluded, faggots.
Levi White
I'm curious - can u get more than one of these skyminers? They seem like a nice idea to me but how many can one have? Is there a limitation to them?
Kayden Bell
No I couldn‘t. I bought at $11.
Hudson Wright
SKY's obelisk web of trust is just a fancy applicaton of DPOS
prove me wrong.
/thread
Jose Nguyen
Nah, I am not aware of any limitations. You can run as many as u want, the thing is to get whitlisted, and that's pretty challenging
Nicholas Williams
Well, it creates a Blockchain that doesn't require mining, has a 10s transaction time, P2P communication, and after 25mio issued coins it will have a fixed amount of 5mio coins per annum allocation basis. What's your point?
Nicholas Price
An implementation is an implementation, and this one is good and gets around mining pool control and 51%+ attacks. It's not based on blind mining power, but on how much the community trusts a node and, even then, the threshold is higher.
This thread is still very much open.