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Topic: Why not a Network based POW algorithm (Read 373 times)

member
Activity: 76
Merit: 10
January 13, 2014, 12:41:10 AM
#1
So when looking at POW algorithms I stumbled upon this guy on wikipedia: http://en.wikipedia.org/wiki/Guided_tour_puzzle_protocol

Has an alt coin ever been made with this idea in mind? If not would it be possible?
It looks like it could be a fair way to distribute coins without taking up so much computer resources (although I guess it could become a bandwidth arms-race instead). You guys have any thoughts on benefits/drawbacks?
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