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Topic: A more decentralized blockchain technology than Bitcoin - page 2. (Read 348 times)

newbie
Activity: 21
Merit: 0
Yes of course as you say it can be done through identities. But then you have something very different than Satoshi's idea. You have a system where every single person on the network must be identified. Of course a system can be designed that puts limits based on identity (distribute mining rewards evenly, only allow one address per person), but then you have no privacy. Also this relies on the idea that no one can spoof someone's identity through whatever identity recognition system is used.


The reason Satoshi used PoW is because you can't spoof processing power. And of course he wanted to avoid the hassles and issues involved with identities.
Regarding face recognition, there is no privacy for the unique node. This may be another development direction of blockchain, which can prevent legal elements from using token transactions. The most important thing is that everyone can use mobile phones to mine, so that blockchain data can be distributed on everyone's mobile phones. Is it safer and more accessible for ordinary people to participate
newbie
Activity: 21
Merit: 0
And what makes you think that face (or iris, or fingerprint,...) recognition technology cannot be fooled?

Blockchain networks for CBDC ...
Why would CBDCs need a blockchain anyway?
Perhaps the Worldcoin project has verified the feasibility of matching unique nodes for face recognition, but its tokens are concentrated in the hands of developers and investors, which is unfair to ordinary people. In addition, he does not have a mining mechanism like Bitcoin, and may also be a token for making money rather than doing a good job in blockchain
hero member
Activity: 2240
Merit: 848
Yes of course as you say it can be done through identities. But then you have something very different than Satoshi's idea. You have a system where every single person on the network must be identified. Of course a system can be designed that puts limits based on identity (distribute mining rewards evenly, only allow one address per person), but then you have no privacy. Also this relies on the idea that no one can spoof someone's identity through whatever identity recognition system is used.


The reason Satoshi used PoW is because you can't spoof processing power. And of course he wanted to avoid the hassles and issues involved with identities.
legendary
Activity: 3676
Merit: 1495
And what makes you think that face (or iris, or fingerprint,...) recognition technology cannot be fooled?

Blockchain networks for CBDC ...
Why would CBDCs need a blockchain anyway?
member
Activity: 78
Merit: 28
Blockchain networks for CBDC with a face recognition feature is going to be a new trend. I guess tomorrow, on April 1, there will be many announcements on this matter. Grin
newbie
Activity: 21
Merit: 0
Bitcoin was originally designed to allow everyone to participate in mining, but now ordinary people in Bitcoin cannot participate in mining. The computational power is concentrated in several large mines.
Both Bitcoin and Ethereum can theoretically be centralized through huge amounts of money.
Can a new blockchain technology be designed to optimize Bitcoin blockchain technology from the bottom.
First of all, this blockchain technology must be that one person can only own one node. Otherwise, if a person like Ethereum has enough funds, it means generating enough nodes. That's how to go to the center. Bitcoin also means that a person can use huge funds to generate huge computing power, and that's how to go to the center.
The blockchain technology that I will design next is truly decentralized.
First, copy the underlying code of Bitcoin
Through face recognition technology, each person can only generate one node, a private key, and a public key.
By setting an upper limit on the computing power of each miner, it is possible to mine on a mobile phone without consuming too much computing power.
If we are interested, we can design such blockchain technology to run on mobile phones together.
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