Author

Topic: EarthCoin shows why Diamond (DMD) is relevant (Read 1024 times)

full member
Activity: 212
Merit: 100
Follow ME : @EllenDonley
DUMP
full member
Activity: 162
Merit: 100
December 23, 2013, 09:27:28 AM
#2
Bitcoin and Litecoin has a flawed design on difficulty adjustment to control inflation or coin generation: every X blocks where X is very big number

Diamond adjusts the diff every block, which makes

+ multipools is unprofitable
+ long term mining is much more profitable
+ a sudden drop in network hashrate does not slow down transaction in general. Incremental and responsive diff adjustment helps strengthen the network

Newly announced altcoin EarthCoin embraces this design too. Nice try and good luck
Wink
legendary
Activity: 1106
Merit: 1000
December 21, 2013, 05:58:19 PM
#1
Bitcoin and Litecoin has a flawed design on difficulty adjustment to control inflation or coin generation: every X blocks where X is very big number

Diamond adjusts the diff every block, which makes

+ multipools is unprofitable
+ long term mining is much more profitable
+ a sudden drop in network hashrate does not slow down transaction in general. Incremental and responsive diff adjustment helps strengthen the network

Newly announced altcoin EarthCoin embraces this design too. Nice try and good luck
Jump to: