Topic: How about Proof of Storage (Read 152 times)
I think there is number of coin for the POS system also it is new system in the market and this can be used when the price is low based on this actually help the market and investors.
Proof of Storage is basically proof of work except that instead of computations, storage is used. BurstCoin is one of such coins which is based on Proof Of Storage i.e. where Proof of Storage has been used. Having a green algorithm,their goal is to depend on small miners which has made the transaction costs go cheaper, making the whole system more decentralized. However, since December 2017, due to some technical situations, participants from disk space are no longer likely to recieve significant payback from mining.
This opinion is wonderful.
Evidence it demonstrates the proof as personal ability, what you have done, the results you have achieved ....
That helps us control and evaluate the person's ability.
So we make the right decisions.
I hope it should be recorded and stored carefully.
It is very precious later !!!
Evidence it demonstrates the proof as personal ability, what you have done, the results you have achieved ....
That helps us control and evaluate the person's ability.
So we make the right decisions.
I hope it should be recorded and stored carefully.
It is very precious later !!!
I dont know any coins that implement proof of storage, but any alternatives to proof of work are helpful to save electricity. (Proof of work currently consumes estimated 73.04 TWh electricity per year - which is how much 6,762,897 US households use in total per year: https://digiconomist.net/bitcoin-energy-consumption)
There is one coin called BURST coin. It uses the proof of capacity/space/storage of your HDD. It has shown some great activities in the past year. It requires much lesser electricity in mining compared to bitcoin. The more empty space you allocate to your mining the higher the reward will be.
permacoin is very secure and reliable. Advanced technology has been used here. I think there is so much evidence that permacoin is actually a lot of securitization and profitable. You can find it If you get an exception, then let me know. Thank you.
I think there has some coin who issued proof storage. Because it’s featured the coin to as a more sustainable and reliable.
Sia, Storj, Maidsafe, Filecoin are some famous proof of storage coins that are available in the market. But, they all have their advantages and disadvantages which makes them different from each other. Hope you'll do your research first if you intend to invest on them.
For your information Permacoin, by my knowledge, is based on a Proof of Retrievability(PORs). I don't know any Proof of Storage coin to be implemented but have an idea about Proof of Capacity which is used by a coin named Burst coin. And moreover, this proof of storage or capacity actually is not very perfect as it uses the hard drive and if anything occurs, the transaction would get hampered by a single user pc. These are my assumptions, like to know more.
I've heard that ProximaX will use this consensus algorithm. I think that this project has a chance to become popular and grow substantially in price. https://proximax.io/
the only coin i know that uses proof of storage is burstcoin
Anybody know about this ?
Permacoin,but it seems like had not implemented.
Is there a coin issued use proof of storage?
Is there a coin issued use proof of storage?
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