+1 BitsharesX
Topic: Best pure POS coin? (or alternative 'mining') (Read 2674 times)
+1 BitShares family (DPOS)
http://wiki.bitshares.org/index.php/DPOS
http://wiki.bitshares.org/index.php/DPOS
MMXIV just switched chains to go pure Proof of Stake
https://bitcointalksearch.org/topic/ann-maieuticoin-2014-pos-10kmmxiv-and-ballsmmxiv-markets-now-open-623884
https://bitcointalksearch.org/topic/ann-maieuticoin-2014-pos-10kmmxiv-and-ballsmmxiv-markets-now-open-623884
whats so great about POS anyway?
Well in my very biased and bigoted opinion, PoW does nothing but waste a fuck ton of electricity which regrettably is usually made by the burning of fossil fuels (or worse). PoS on the other hand, can be fully utilized on something as basic as a Raspberry Pi that can easily be solar powered for a 'reasonable' amount on money. I say reasonable in the sense that it would be insanely cost prohibitive to power a GPU card or ASIC via solar cells for generation of coins/network health.
You want to use crypto currency to change the world, its much more feasible to connect the world with pi's then a gpu farm.
[edit] Or wind etc... maybe a pig farmer could burn enough methane to make it profitable but thats getting pretty far fetched.
What a champ
whats so great about POS anyway?
Well in my very biased and bigoted opinion, PoW does nothing but waste a fuck ton of electricity which regrettably is usually made by the burning of fossil fuels (or worse). PoS on the other hand, can be fully utilized on something as basic as a Raspberry Pi that can easily be solar powered for a 'reasonable' amount on money. I say reasonable in the sense that it would be insanely cost prohibitive to power a GPU card or ASIC via solar cells for generation of coins/network health.
You want to use crypto currency to change the world, its much more feasible to connect the world with pi's then a gpu farm.
[edit] Or wind etc... maybe a pig farmer could burn enough methane to make it profitable but thats getting pretty far fetched.
+10^6
Qora.
NODE aka NXTL.
BitShares.
NODE aka NXTL.
BitShares.
NODE does not exist AFAIK.
BitShares, they had mining at the beginning. Can not find quickly whether they are still doing POW and just talking/writing about DPOS... there is a lot of vaporware in cryptoland.
vaporware: https://github.com/dacsunlimited/bitsharesx/releases/
Transactions confirm instantly. DPOS works beautifully so far.
whats so great about POS anyway?
Well in my very biased and bigoted opinion, PoW does nothing but waste a fuck ton of electricity which regrettably is usually made by the burning of fossil fuels (or worse). PoS on the other hand, can be fully utilized on something as basic as a Raspberry Pi that can easily be solar powered for a 'reasonable' amount on money. I say reasonable in the sense that it would be insanely cost prohibitive to power a GPU card or ASIC via solar cells for generation of coins/network health.
You want to use crypto currency to change the world, its much more feasible to connect the world with pi's then a gpu farm.
[edit] Or wind etc... maybe a pig farmer could burn enough methane to make it profitable but thats getting pretty far fetched.
Qora.
NODE aka NXTL.
BitShares.
NODE aka NXTL.
BitShares.
BitShares, they had mining at the beginning. Can not find quickly whether they are still doing POW and just talking/writing about DPOS... there is a lot of vaporware in cryptoland.
BitShares is up and running DPOS, no mining. During the funding phase you could mine Protoshares (PTS) which gave you a 50% stake in BitShares. The other 50% came from Angelshares, people could fund directly instead of mining. You can still mine PTS which gives you shares in future products beyond BTSX.
More information:
DPOS algorithm
http://wiki.bitshares.org/index.php/DPOS
Titan
http://wiki.bitshares.org/index.php/TITAN
Last but not least the market based trading, think bitUSD, bitGold, bitSilver etc...
http://wiki.bitshares.org/index.php/Bitshares_X
Let's talk Bitcoin! episode 129. Starts around 12 minute mark with the lead dev Dan. Great listen.
http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-129-dogeparty-and-delegated-proof-of-stake
GreenBacks will be 100% POS when it comes out. Not going to try to persuade anyone into supporting it now, we'll let our ann and whitepaper do the talking for us.
whats so great about POS anyway?
Hyperstake is 100% PoS
Qora.
NODE aka NXTL.
BitShares.
NODE aka NXTL.
BitShares.
NODE does not exist AFAIK.
BitShares, they had mining at the beginning. Can not find quickly whether they are still doing POW and just talking/writing about DPOS... there is a lot of vaporware in cryptoland.
Qora.
NODE aka NXTL.
BitShares.
NODE aka NXTL.
BitShares.
Let's compile a list if currently pure 100% POS coins and other coins with other methods to secure a distributed blockchain without POW.
I'll make the start:
Blackcoin
X15
NXT
Quora
Bitshares
Peershares? Is this real?
I'll make the start:
Blackcoin
X15
NXT
Quora
Bitshares
Peershares? Is this real?
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