- Joined
- Feb 12, 2025
Proof of Work is a great way to solve the pitfalls of Proof of Stake, but then when the network matures, you'll need more computing power to solve the work that is needed. This inevitably ends up with central nodes doing much of the proofing as you need entire severs to verify.This sounds like a problem that is easily solved by introducing a decentralized database system that is managed by thousands of independent parties (to avoid relying on one central authority). The parties that participate in this system could be rewarded with some sort of points for performing "work" to incentivise them to join this sort of scheme. The "work" would rely on some sort of a cryptographic proof that would also have the benefit of making the system much more resilient against tampering. I think I'd call this "proof of work" or something like that.
Damn, there is no easy solution in following each approach, but the errors of one seem to cancel out the other. Perhaps mixing both would prove the better solution?
Just a thought, I'm perhaps too idealistic yet I can see there is merit to both systems.