Ekaitz Zárraga 👹@ingoberlab [...] That architecture forces the FairCoin community to *really* know each miner owner in real life, because they need to receive the valid private keys for the mining.
Energy consumption is obviously reduced, there's no high difficulty because there's no competition, the blocks are mined fast and the prize is really low (also the fees are decided by the community and they stay lower than a cent).
The mining is just the network saying: "your turn".
Did I explain it well?
ingoberlab
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