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1. ingoberlab (ingoberlab@gnusocial.net)'s status on Friday, 20-Jul-2018 08:06:14 UTC ingoberlab

   • Ekaitz Zárraga 👹
   #blockchain PoW vs PoC oop ?
   
   ‘Proof of # https://gnusocial.net/attachment/1249738 Cooperation’ algorithm was introduced to #FairCoin and with this an energy-saving blockchain which facilitates cooperation instead of competition. With the innovative PoC algorithm block creation and network security is made by ‘Collaboratively Validated Nodes‘.
   
   #P2P
   
   @ekaitzzarraga may you add some light to ^^ ?
   
   
   https://fair-coin.org/en/ecological-blockchain-consensus1
   • Ekaitz Zárraga 👹 (ekaitz_zarraga@mastodon.social)'s status on Saturday, 21-Jul-2018 10:20:28 UTC Ekaitz Zárraga 👹

     in reply to

     @ingoberlab I think I can. Well, Bitcoin's PoW is based on a competition, miners needs to solve a problem as fast as they can. The first is the only one to take the incentive (a prize).

     The algorithm is basically choose random numbers until the SHA-256 of the block they are mining is smaller than the difficulty that the network choose. That's just a computational problem -> high energy consumption.

     FairCoin mines the blocks in a cooperative way... [Follows]

     ingoberlab repeated this.