@nrigo
Is proof of space also being considered as well? It's a pretty neat feature I enjoy about Burstcoin.
Multi-Algo PoW (3 or perhaps more?) + Proof of Stake + Proof of Space
PoW = 20%+20%+20%
PoS = 20%
Proof of Space = 20%
Would make for a really secure block chain.
Also what are your thoughts on having a very quick block time? Something like 7.5 or 10 seconds? Transaction times would be super fast; perhaps faster than any coin out there and hopefully we can have low fee's on top of that.
Proof of Space (or Proof of Capacity) could be considered as well. Thank you for this great idea
We have to be very careful with the block time and with the block reward. Super fast transactions could also mean super fast inflation.
You're very welcome! Yeah I was thinking proof of space (proof of capacity) could be appealing for those with poor hardware but also as a green energy efficient claim we can add to the resume.
Good point on inflation. Hope there's a way we can have the fastest transactions of all coins but keep inflation in check.
I agree, the green energy efficient is a very good argument.
The first challenge is to find a balance with the block reward and the block time for the 100% PoW period, including super blocks or not.
What do you think of 0.75 Mil, 0.5 Mil for standard blocks + 0.25 Mil for super blocks?
What's about a 20,000 blocks duration ?
After this, we could imagine a first transition to hybrid PoW + PoS and a second transition to PoS + PoC x blocks later.
The new coin could start with a 4 minutes block time during the 100% PoW period and the transaction speed would increase with each hybrid activation.
MERRY CHRISTMAS ALL!