Topic: Proof of Traffic/Bandwith (Read 408 times)
With the rising bandwidth prices in some areas this is definitely an idea that has some merit.
Mysterium coin is just that. However once you let someone use your internet for surfing, you are responsible for all the crap they download through your internet connection.
I'll give it 1 week before the cops are knocking on your door.
I'll give it 1 week before the cops are knocking on your door.
There is also the idea that you could be rewarded by offering capacity (for demand peaks) and not so much the actual continuous use of your bandwith. I could imagine that there is maybe a use case for additional bandwith capacity in case of peak periods.
There are various crypto's that reward staking by keeping your wallet open and there are crypto's like SIA, MaidSafe, Burst that offer reward for storage capacity. However, I am not aware of any crypto-projects that offer the opportunity to get rewarded through staking traffic? I have plenty of bandwith to offer, which is not used most of the time.
It's this the same concept as we saw in Freenet? Never used it but supposedly everyone stored everyone else's data encrypted, and then it would be impossible to stop the network since every computer would be a node, similar to Bitcoin nodes storing the blockchain, but without proof of work involved.
If Core devs didn't entertain this idea im sure there are big problems with it. I remember Maidsafe never delivered on its promised thus far..
I love the idea of proof of bandwidth.
The way I see it, just as regular mining pushed hardware to become faster with ASIC mining.
Perhaps if proof of bandwidth became popular, it may have a beneficial effect on developing faster internet speeds.
The way I see it, just as regular mining pushed hardware to become faster with ASIC mining.
Perhaps if proof of bandwidth became popular, it may have a beneficial effect on developing faster internet speeds.
Sia in some way rewards bandwidth: If you offer storage on a server with a good and stable connection, then you will be able to get higher rewards than nodes that offer storage on low-bandwidth devices like regular private personal computers.
But I fail to get what use cases a "proof of bandwidth" cryptocurrency concept where bandwidth is not tied to a "storage" solution, could have. It could be a simple "consensus mechanism" (to have to "burn" "something scarce"), but such a system then would be responsible for dramatic internet traffic congestion and not very sustainable, I think.
But I fail to get what use cases a "proof of bandwidth" cryptocurrency concept where bandwidth is not tied to a "storage" solution, could have. It could be a simple "consensus mechanism" (to have to "burn" "something scarce"), but such a system then would be responsible for dramatic internet traffic congestion and not very sustainable, I think.
I proposed this a many times over the years but it has never been done yet i think.
I envisioned mining etc with NET cards.
I envisioned mining etc with NET cards.
everyone is coming up with their own "Proof of Something" it gets kinda boring if you ask me and has lost it's flair after using it so many times
Pretty good idea. Some countries like HK, Taiwan, Korea, Singapore users typically are signing up for more bandwidth than they ever use while for others like Australia, bandwidth is a scarce resource.
I can totally see this being a thing
I can totally see this being a thing
There are various crypto's that reward staking by keeping your wallet open and there are crypto's like SIA, MaidSafe, Burst that offer reward for storage capacity. However, I am not aware of any crypto-projects that offer the opportunity to get rewarded through staking traffic? I have plenty of bandwith to offer, which is not used most of the time.
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