Securing the blockchain - beyond ACP
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Catcoin has got some cool charts we should have had, Hash rate against difficulty. You can plainly see that is being “Multipooled” as well, they have already made suggested changes, but could be just too small yet, to evade an attack.
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[quote name=“Kevlar” post=“54688” timestamp=“1390588650”]
[quote author=Calem link=topic=6956.msg54612#msg54612 date=1390571026]
I know I might be a little late in the game here, but is it possible to do whatever it is you want to try do, but in addition, work it in such a way that it utilises people leaving their wallets open to help in decentralizing the check pointing. Maybe have a minute % of ftc as reward.Or is what’s suggested is either A. already does that or B. doesn’t need to.
[/quote]Yes, I’ve suggested this many times before.
Here’s the solution: Non-inflationary proof of stake.
Block reward for PoS is 0. Only transaction fees are available, which means the reward is not great, but it does allow for some reward while introducing 0 inflation, and wallets that are open for even a short amount of time as a function of their NORMAL USE will contribute to the security of the network… say nothing of the feathercoind clients that run on servers 24/7/365.
Distributed, wallet based security with reward and zero inflation.
[/quote]Even a 0% PoS model breaks the current PoW coin distribution schedule. You need to modify the block structure and the reference GetBlockValue() code to operate with separate counters for PoW and PoS blocks.
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I personally still see this as a priority. Keep up the brainstorming guys.
