Hi Cheng,
This is an interesting proposal!
While the incentive analysis is sound, I have two concerns:
## What if a guy keeps mining easy blocks to launch 51% attacks?
With PoLW, a miner can sacrifice the coinbase reward as much as possible to
mine blocks faster.
If the blockchain follows the
Hi Everyone,
I would like to share my serious work on reducing the energy consumption of
PoW without sacrificing security. My new type of algorithm is called PoLW.
For a practical system where mining is profitable, PoLW could actually
improve the security of the system.
The idea is to shift part
Hi ZmnSCPxj,
I think you're idea of allowing multiple Rs is a fine solution as it
would essentially mean that you were just doing a three party MuSig
with more specific communication structure. As you mentioned, this is
not quite ideal though.
> It seems to me that what is needed for a
Hi ZmnSCPxj,
>> It seems possible, that, I do not.
Haha, I’am starting to believe that’s not a joke ...
>>
>> This does not seem to mesh well with the other non-Master parts of the
>> protocol, where further updates on the single account backed by a funding
>> TXO are performed by spending
