PS Throw me a beta invite, will ya?
Topic: Proof of Work/Stake merged with Distributed Computing? (Read 421 times)
Everytime you say hatcher, I think of damn starcraft
PS Throw me a beta invite, will ya?
PS Throw me a beta invite, will ya?
We're still on it.
Due for a closed beta release today. Production launch in a few weeks.
Due for a closed beta release today. Production launch in a few weeks.
This is very similar to how our currency eMunie works.
All new transactions are verified all the way back to the "genesis" block/transactions, via forward and backward lookups that will yield the same path if its valid. These results are signed by whats called a "hatcher" (it births transactions into blocks), this block is then passed to another randomly selected hatcher that checks it again.
After a n number of confirms specified by the sender, the transaction makes it into the chain.
New currency is "voted" in, and distributed around the system depending on who's done this task and how many times they have done it.
There is a thread on the boards that explains it more if you want to look how we propose it. Very similar to what you are suggesting but ours works on consensus and trust.
All new transactions are verified all the way back to the "genesis" block/transactions, via forward and backward lookups that will yield the same path if its valid. These results are signed by whats called a "hatcher" (it births transactions into blocks), this block is then passed to another randomly selected hatcher that checks it again.
After a n number of confirms specified by the sender, the transaction makes it into the chain.
New currency is "voted" in, and distributed around the system depending on who's done this task and how many times they have done it.
There is a thread on the boards that explains it more if you want to look how we propose it. Very similar to what you are suggesting but ours works on consensus and trust.
Sounds nice. But, where's the code?
This is very similar to how our currency eMunie works.
All new transactions are verified all the way back to the "genesis" block/transactions, via forward and backward lookups that will yield the same path if its valid. These results are signed by whats called a "hatcher" (it births transactions into blocks), this block is then passed to another randomly selected hatcher that checks it again.
After a n number of confirms specified by the sender, the transaction makes it into the chain.
New currency is "voted" in, and distributed around the system depending on who's done this task and how many times they have done it.
There is a thread on the boards that explains it more if you want to look how we propose it. Very similar to what you are suggesting but ours works on consensus and trust.
All new transactions are verified all the way back to the "genesis" block/transactions, via forward and backward lookups that will yield the same path if its valid. These results are signed by whats called a "hatcher" (it births transactions into blocks), this block is then passed to another randomly selected hatcher that checks it again.
After a n number of confirms specified by the sender, the transaction makes it into the chain.
New currency is "voted" in, and distributed around the system depending on who's done this task and how many times they have done it.
There is a thread on the boards that explains it more if you want to look how we propose it. Very similar to what you are suggesting but ours works on consensus and trust.
I had been following altcoins a lot and I'm very interested specially in projects like NooShare and CureCoin.
I think that we can make something like a client that runs the proof of work/stake algo for verifying transactions and distributed computing for multiple purpuses. There will be a reward for the proof and we need to get an idea on how to get a reward of the computing. There are various ways on this, maybe the net can sell this power in its own currencies and then distribute it to the miners. Indeed we can include something like hd space and others...
Thoughts on this?
I think that we can make something like a client that runs the proof of work/stake algo for verifying transactions and distributed computing for multiple purpuses. There will be a reward for the proof and we need to get an idea on how to get a reward of the computing. There are various ways on this, maybe the net can sell this power in its own currencies and then distribute it to the miners. Indeed we can include something like hd space and others...
Thoughts on this?
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