[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 89 KB, 660x574, c27.png [View same] [iqdb] [saucenao] [google]
51268373 No.51268373 [Reply] [Original]

I am aware that BTC maximalists would back PoW at any costs, but it is evident if energy consumption cannot give it the actual adoption it deserves.
PoS is better because it uses less energy, but it is centralized.
What other algorithms are there, and what problems do they solve?

>> No.51268435

>>51268373
Asides PoW every other thing is security, no inherent value attached

>> No.51268448 [DELETED] 

LOL. I can't believe the TOP project in this WORLD! So-called Yopi Network.

>Play AND Earn RPG Games
>High staking profit, up to 66%
>Clear and transparent roadmap
>The takeover of yopi.network is eminent in the new age technology

>> No.51268528

>>51268373
How does PoS defend against a 51% short attack? If some group of stakers managed to borrow up to 51% and then went short they could profit from ruining the network.

>> No.51268560
File: 170 KB, 1420x1188, A440ECA4-3448-46C1-BD94-35F4CE27FA4D.jpg [View same] [iqdb] [saucenao] [google]
51268560

>>51268373
Yes. Threshold relay. DYOR

>> No.51268571

>>51268373
energy consumption = inability for kikes to print btc out of thin air and leech forever with fake yields while doing zero efforts
that's why it's a problem for them

>> No.51268616

>>51268373
There is Proof of Routing, which rewards users based on how much data they contributed to the network. For me this seems like the most logical way to reward nodes.
Unfortunately I don't know much about PoR and whether it actually works.

>> No.51268642

>>51268528
Thats why I'm betting my all on Proof of Randomness.. It has the democracy of PoW and ecofriendly feature of PoS

>> No.51268656

DAGs like HBAR and constellation

>> No.51268663
File: 240 KB, 220x220, thanks-awesome.gif [View same] [iqdb] [saucenao] [google]
51268663

>>51268642
Best of both worlds is really nice to hear. As we can easily mine the QANX on the go with our mobile phones.

>> No.51268760
File: 63 KB, 599x587, wut.jpg [View same] [iqdb] [saucenao] [google]
51268760

>>51268373
Proof of Stake and Proof of Work are just Sybil Control Mechanisms, by themselves they dont say anything about energy efficiency, decentralization or speed.

>> No.51268816

>>51268373
The eth 2.0 is going to shake things up. I'm literally excited for the merge. But worried about the Mt.Gox fucking release.

>> No.51268906

>>51268656
Wtf is constellation?

>> No.51268911

>>51268373
The mix of them is the best

>> No.51269003

>>51268616
PoR works just fine, Qan Mainnet launch by EOY will convince you anon

>> No.51269066

>>51268906
it's a fee-less dag

>> No.51269102
File: 2 KB, 125x125, 1652707652626s.jpg [View same] [iqdb] [saucenao] [google]
51269102

>>51268571
Miners are the one against this move. They won't be making money with the move. They might even move to Ethereum classic

>> No.51269180

>>51268373
You shouldn't pay much attention to consensus algorithms. Post quantum algorithm is also a very important aspect to consider

>> No.51269215
File: 710 KB, 650x650, Ethpepe.png [View same] [iqdb] [saucenao] [google]
51269215

Truth of the matter is. PoS will bring institutions to ETH. They will find gas to remain expensive and move to Polygon. Another PoS network. easy peasy. greedy miners are seething lmao.

>> No.51269218
File: 10 KB, 225x225, images (62).jpg [View same] [iqdb] [saucenao] [google]
51269218

>>51269102
Fuck I am not ready to pay high electric bills or spend money on Riggs rather I will use my mobile phone to become validator once the POR concensus is live.

>> No.51269266

>>51269215
The miners can simply opt to use their mobile phones to mine in an ecofriendly blockchain. You mustn't waste environmental resources under the guise of mining

>> No.51269278
File: 10 KB, 300x168, download (1).jpg [View same] [iqdb] [saucenao] [google]
51269278

>>51269003
Anon 1600tps and predictable fee is dope and on hearing it I'm sold already.

>> No.51269373

>>51268911
Xadena it is.

>> No.51269385

>>51268448
Go home jeet

>> No.51269388

>>51268373
PoST
Dashboard.chia.net

>> No.51269391

>>51269373
Rekt soon Avax will remain to be the alpha

>> No.51269392

>>51269278
If you combine both private and public blockchain since it is a hybrid blockchain, you'd get up to a million tps and that's a flex

>> No.51269407
File: 5 KB, 159x250, 1657317357007s.jpg [View same] [iqdb] [saucenao] [google]
51269407

>>51269391
Kek it's not quantum resistant so fuck you I really hope you will get rekt freaking bad.

>> No.51269489
File: 8 KB, 222x227, download.jpg [View same] [iqdb] [saucenao] [google]
51269489

>>51269392
It's more than that. QVM us a revolutionary futuristic tech where smart contracts can be developed in any programming languages without any restrictions. This is dope

>> No.51269500
File: 6 KB, 218x218, 1653230360887s.jpg [View same] [iqdb] [saucenao] [google]
51269500

>>51269180
Most especially projects with CRYSTALS Dilithium as their algorithm since it is the primary recommendation of NIST

>> No.51269516
File: 19 KB, 683x449, images (82).jpg [View same] [iqdb] [saucenao] [google]
51269516

>>51268373
BTC remains the king, ETH remains the queen and QANX will be the knight to protect all these and the alts against the quantum threats .

>> No.51269517

>>51269385
This is home

>> No.51269536

>>51269003
Librescan, the only decentralised blockchain explorer will also be integrated before then

>> No.51269580

>>51269391
Is it quantum safe? Or still making noise about being the Alpha

>> No.51269604

>>51269580
Anon he will for sure get rekt soon. QAN had taken things further by being the most realistic quantum resistant blockchain which is compatible with the ethereum network so migration US expected big time.

>> No.51269626
File: 14 KB, 445x267, OIP.jpg [View same] [iqdb] [saucenao] [google]
51269626

>>51269218
Pleb. That proof of retrievability or proof of randomness?

>> No.51269704
File: 54 KB, 600x600, 1656378125003.jpg [View same] [iqdb] [saucenao] [google]
51269704

>>51269604
Some projects will leave ETH and come to build on a quantum resistant blockchain. The ones that need the best security will definitely do that. The rest will be fine on ETH

>> No.51269739
File: 1.05 MB, 1314x1288, 1646563828447.png [View same] [iqdb] [saucenao] [google]
51269739

>>51269536
I just saw I will be able to use this to view transactions on multiple blockchains including ETH BSC and other chains that will be added.
>Time to see some transactions

>> No.51269749
File: 2 KB, 125x113, 1655120653112s.jpg [View same] [iqdb] [saucenao] [google]
51269749

>>51269626
Proof or randomness it is. Scalability is sorted and on the we mine with our mobile phones. Easy and eco-friendly

>> No.51269813
File: 457 KB, 1496x1920, 0f442ypgglk81.jpg [View same] [iqdb] [saucenao] [google]
51269813

>>51268373
>Proof of randomness (PoR)
>Delegated proof-of-stake (DPoS)
>Practical Byzantine fault tolerance (PBFT)
>proof-of-capacity (PoC)
>proof-of-activity (PoA)
>proof-of-publication (PoP)
>proof-of-retrievability (PoR)
>proof-of-importance (PoI)
>proof-of-burn (PoB)
>proof-of-elapsed time (PoET)
>proof-of-ownership (PoO)

Make you choice ser.
Leave Proof of work if you don't like it.

>> No.51269834

>>51268373
proof of labor
>gets world war declared

>> No.51269857
File: 4 KB, 249x151, 1643975155701s.jpg [View same] [iqdb] [saucenao] [google]
51269857

>>51269749
>>51269813
Proof of randomness seems to be the next best thing.
>Is it peer reviewed like Cardano proof of stake?

>> No.51270065

>>51269278
>>51269407
>>51269489
>>51269500
>>51269516
>>51269626
>>51269749
>>51269857
Everyday I am progressing a little more and there will come a day when I come to your home and enact justice on you and your entire family

>> No.51270080
File: 174 KB, 1300x1114, 1647267429506.jpg [View same] [iqdb] [saucenao] [google]
51270080

>>51269704
Why stay on ETH and use only solidity like eating corn everyday.
Devs like to explore other languages and QAN blockchain gives them that opportunity.

>> No.51270150
File: 112 KB, 1125x691, FOvQIeeX0AgZ8fr.jpg [View same] [iqdb] [saucenao] [google]
51270150

>>51270065
Quantum computers will enact justice on blockchain first. Those that don't upgrade to the recommended algorithms from NIST will get their wallets drained.
>Are you gonna spank my ass?

>> No.51270162

>>51270150
You do not know who you are talking to

>> No.51270196
File: 4 KB, 223x250, 1645370572728s.jpg [View same] [iqdb] [saucenao] [google]
51270196

>>51270150
You need an ass first of all to get spanked.

>> No.51270253
File: 294 KB, 960x530, 1652805104484.png [View same] [iqdb] [saucenao] [google]
51270253

>>51270150
I hope this is not true. I can't afford to get hacked again. I'm more concerned with security now because crypto is worse than the wild west.
>>51270162
Are you a dev or a whale?
>>51270196
I'm gonna spank that with my 10 inch rod.

>> No.51270337

>>51268373
PoW is sustainable because inefficient miners are/will be driven off the market, creating room for others. It creates competition encouraging miners to find the most cost-effective energy source. PoW is good for widescale adoption because as opposed to PoS it doesn't demand a percentage of uptime. Most PoS nodes are ran via AWS and this creates a single point of failure. Amazon and similar services (eg. Hetzner) could shutdown nodes at will. See what happened with Tornado Cash and Infura.

>> No.51270361
File: 3.33 MB, 3023x4031, 1661833404186603.jpg [View same] [iqdb] [saucenao] [google]
51270361

>>51270065
Go back to kiwifarm pajeet. This is 4chan biz.
Everyone gives financial advise for the best L1 coins (NFA).
What are you buying normiefag?

>> No.51270451
File: 108 KB, 960x960, oudkcmcc04g81.jpg [View same] [iqdb] [saucenao] [google]
51270451

>>51268373
I've thought about this and realized we need a PoS-like algorithm that has the security and decentralization of PoW. I don't know any with this kind of ability, but I'm sure some brainlet will invent it.

>> No.51270541

kek

>> No.51270592

>>51268373
All mfs, keep shut.

>> No.51270604

>>51268816
Might dump on us, I have taken profit on ETH already
>>51268373
PoR-proof of Randomness is better

>> No.51270661
File: 65 KB, 559x624, 1639343485116.jpg [View same] [iqdb] [saucenao] [google]
51270661

>>51268373
PoS is the best option, why do you think ETH is migrating to it

>> No.51270693
File: 44 KB, 623x431, 20220727_232152.jpg [View same] [iqdb] [saucenao] [google]
51270693

>>51268435
Some dumb and foolish idiots need to be fucked like a white whore because they've got no sense. Ain't you aware that Qanplatform developed a new consensus algorithm that consumes considerably less energy and yet remains democratic?

>> No.51270720
File: 10 KB, 192x262, 1640614899077.jpg [View same] [iqdb] [saucenao] [google]
51270720

>>51268373
Fuck off bitch

>> No.51270726

>>51268528
slashing

>> No.51270748

>>51270604
I read it will allow Validators to validate on a mobile phone and its also decentralized, I think that's what we all need now

>> No.51270751

>>51270337
I'm giving no fuck about it jeet, PoW, its mining consumes a tremendous amount of energy and requires unnecessary hardware.

>> No.51270779

>>51270604
>PoR-proof of Randomness is better
That's making sense anon, knowing Proof of Pandomness is decentralized, environment-friendly, and fast can get dick hard and ready for a good fuck.

>> No.51270810

>>51270748
Definitely, Earning passively is now the new trend and that's the way out of the inflation that's looming everywhere.

>> No.51270833

>>51268528
There is a need for privacy in the space okay, i feel this is the only way pos could survive and considering the fact that Railgun is building its privacy solutions on multichain it will surely be a better way to keep every transaction very safe

>> No.51270892
File: 23 KB, 548x559, 1661179209932157.jpg [View same] [iqdb] [saucenao] [google]
51270892

>>51270661
Such a crazy being, let me school you faggot. Though POS uses significantly less energy but the real sense of it is that it is not democratic, desu you can taste sweet pussies as a validator and that can be done even with a mobile phone or Raspberry Pi.

>> No.51270994

>>51268816
For now, no one knows the dangers of the merge. Stop being excited pajeet.

>> No.51271024

>>51270150
That's a big sorry for bitches, instead of migrating they keep saying that computer threat is just a FUD.

>> No.51271098
File: 7 KB, 192x263, images (33).jpg [View same] [iqdb] [saucenao] [google]
51271098

>>51270080
I heard QAN is going to be Ethereum compatible, if that's really true then it's going to make massive migration of projects from Ethereum easy.

>> No.51271115
File: 73 KB, 1024x837, 1645456892985.jpg [View same] [iqdb] [saucenao] [google]
51271115

>>51270748
You know how much miners spend on mining, this is a big step up. Gradually most are leaving PoW behind

>> No.51271124

>>51268373
FBA
/thread

>> No.51271147

>>51268373
How I wish LUNA migrated to POS

>> No.51271163

>>51270751
Fiat is proof of war. You've used it for decades without giving it any thought. Think of all the wasted lives and resources that could have been spared. And suddenly you're concerned about energy consumption?

Bitcoin doesn't require tremendous energy as you claim. The current hash rate is way more than it's needed to make Bitcoin secure. It could dwindle down without affecting its security.

>> No.51271197

>>51271147
Luna is fucked

>> No.51271224

>>51270065
When you are coming please come with your Mama, will like to do threesome

>> No.51271290

>>51270994
No dangers at all, it will pump ETH even more so stop saying shit
>>51270748
I haven't mined shit in my life because of the cost, if I can use My mobile phone then I'm all in

>> No.51271324
File: 6 KB, 194x259, images (26).jpg [View same] [iqdb] [saucenao] [google]
51271324

>>51269003
The uniqueness is that after the mainnet dick suckers will have metaverse, and NFT projects with quantum protection in the eco-system.

>> No.51271408

>>51271197
The greatest opportunity in crypto in 2022 is LUNA collapse which gave rise to LUNC. GOD is set to make new set of millionaires through LUNC. Some disasters are blessings in disguise.

>> No.51271652
File: 30 KB, 509x480, 1639171120452.jpg [View same] [iqdb] [saucenao] [google]
51271652

>>51271408
Lunc might fuck up again

>> No.51271792

>>51269266
>best to look into,
PoA- Proof of Authority
PoR -Proof of Randomness
>>51268373
PoS is only for the rich,

>> No.51271840

>>51271163
According to the Cambridge Bitcoin Electricity Consumption Index, bitcoin-mining operations worldwide now use energy at the rate of nearly a hundred and twenty terawatt-hours per year so no one will ever fuck with POR not even devs who's got to code smart contracts in any programming language even GoLang and NodeJS like a pajeet.

>> No.51271904

>>51271408
LUNA madness is just crazy. i got my ass kivked on it but i'm cool now as a dev

>> No.51271932

>>51271197
Useless faggot like you should have become a validator and start mining to get fucking node rewards

>> No.51271974

>>51268373
; true decentralization & anti-censorship require continuous effort on MEV; a very good read on ETH PoS MEV suggestions

>> No.51271981

>>51271163
But you know PoW is like the first generational computer which at some point will have to be garbage since another good one has started rolling in
>>51271840
>devs who's got to code smart contracts in any programming language
Sadly ETH is restricted to solidity, it will be a dream come true for Devs to be able to code in any programming Lang

>> No.51272016

>>51268528
You can stake you ass and get over 15-35 Apy investing in XRP

>> No.51272022

>>51271981
>Always do research
Coding Smart contract in any programming Lang is possible with QVM

>> No.51272050

>>51271904
This shit keep making feel dumped as it got my ass rekt faggot

>> No.51272071

>>51271290
>if I can use My mobile phone then I'm all in
The combination of Eco-Friendly mixed with extremely fast TPS is an essential for Layer 1 blockchains for the future mass adoption of cryptocurrency... That is a sweet fat pussy

>> No.51272130
File: 9 KB, 130x183, cheesed.jpg [View same] [iqdb] [saucenao] [google]
51272130

>>51268373
Proof-of-Nakadashi

>> No.51272142
File: 13 KB, 250x166, 1639346005752.jpg [View same] [iqdb] [saucenao] [google]
51272142

>>51268373
BTC is still the king

>> No.51272179

>>51272022
Now I know how devs feel using an Hybrid layer 1 quantum resistant powered with PoR and QVM. No wonder why trannies won't stop getting fucked.

>> No.51272182
File: 777 KB, 1630x920, fact.png [View same] [iqdb] [saucenao] [google]
51272182

>>51270150
IBM planning on releasing 1121 qubit next year, Q-day is drawing closer

>> No.51272261

>>51268528
How does btc protect against that? China controlled a majority of the hash power and couldnhave launched it easily.

Launching a 51% attack on a PoS chain doesn't make sense. You're not gonna be able to do it without dramatically pushing up your risk because you have to collateralized the token in question somehow. Logistically doesn't make sense and the token would be crashing long before you profited from said attack. Eth 2 introduces some things to help with this as well and starting helps with that.

PoW isn't more secure because hash power js way cheaper to accumulate and you have no risk involved in the network.

>> No.51272277

>>51268656
You only need 33% of the network to launch an attack on a dag hbaggie

>> No.51272683

>>51270726
ok so slash vitaliks holdings