Topic: why no billion cap coin uses proof of storage/capacity ? (Read 98 times)
I think that model is not as safe as that is in traditional cryptocurrencies. There is a lot of issues that should be solved but it is very interesting concept of future coins.
But, are you aware of some negative sides of PoStorage algo?
There must be some downsides if noone uses it.
There must be some downsides if noone uses it.
there is at least one coin using proof of storage instead of proof of work.
This algo is not linked to the wealth of the miner so it seems to be well thought economically.
Storage is less expensive then processing power.
Why no billion coin use it?
it depends on developers need to implement successful project usually different coins integrate different algo\s as well as (POW , POStor & POStake) also I think the famous one used heavily is POS (Proof of stake ) - my favorite . This algo is not linked to the wealth of the miner so it seems to be well thought economically.
Storage is less expensive then processing power.
Why no billion coin use it?
Link below show some technical points :
https://siawiki.tech/about/pow_vs_pos
perhaps in near future we can see new invented ALGOs different and effective than all above . innovation will not stop because of electrical consumption or economical thought .
no info whatsoever?
there is at least one coin using proof of storage instead of proof of work.
This algo is not linked to the wealth of the miner so it seems to be well thought economically.
Storage is less expensive then processing power.
Why no billion coin use it?
This algo is not linked to the wealth of the miner so it seems to be well thought economically.
Storage is less expensive then processing power.
Why no billion coin use it?
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