'The Origins of Proof-of-Less-Work and More' cc: wachmc alephium blockchain cryptocurrency
. The initial goal was to optimize the Proof of Work by reducing energy consumption without sacrificing security., because it’s what it does, and the name seems more attractive to people than the tech that actually underpins it.
The ALPH to be burnt will come from the miners wallets and will be part of the input of the coinbase transaction. This means that once PoLW is activated, you’ll need to have ALPH in order to be able to mine. Instead of needing just equipment and energy, you’ll need equipment, energy and coins. PoLW will activate when the total hashrate of Alephium reaches at least 1 Exahash per second . For the sake of comparison, as of today , it’s at 22 Terahash per second , or 0,0022% of the required hashrate for activation., but we’ll need to write additional code and communicate to help miners adapt and educate themselves on that change. There will be no need for a hardfork to activate it, since the 1 Exahash per second value is already hardcoded.
Right now, the amount of ALPH to be burned is equal to 0.875 or of the theoretical reward for the hash rate exceeding 1Eh/s. The network will still consume energy, but we believe the trade-off for what you get for that energy spent To give you an idea of the scale of that number,, it would require 1 million GPUs to reach the 1 Eh/s limit at which point PoLW activates!
If it proves to be stable, and the community, mining pools and miners are educated and comfortable with it, then there’s no reason we can’t take it further, and use 1/16th or even 1/32 of the energy consumed by regular PoW, by changing the proportion of external/internal workBut since we have in all things a conservative, no-hype, slow and deliberate approach because we build for the long term, we started where we feel the most comfortable!No, it’s completely different.
About Proof-of-Stake , why did you choose to optimize on PoW rather than build a PoS network, like most new Layer1s who have emerged in this cycle?
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cameron Diaz Swears By This $26 Long-Lasting & Transfer-Proof LipstickShoppers say it's 'perfect for everyday wear.'
Read more »
Shorter flaps, thinner boxes, less color: Inflation is changing how products are packagedIf you’ve noticed that products you’ve recently purchased are coming in packaging that appears smaller, lighter in weight and decorated with less flashy colors, it’s because they actually are
Read more »
Reinvent Your Space For Less With Society6's 25% Off SaleOur favorite affordable decor site Society6 may have called it its 'back-to-school essentials' sale, but there's something here for you regardless of academic status.
Read more »
PolitiFact - State GOP only let less than 2% of Democratic bills have public hearings, Dem saysThe percentage of Wisconsin Democratic-authored bills that received a public hearing has declined to 1.9% in the 2021-22 legislative session. In the 2011-12 session, about 15% of Democratic-authored bills received a hearing.
Read more »
RIP: Chef Denn Phelps Passes Away Less Than a Month After Opening Point Easy in WhittierHe was one of three co-owners.
Read more »
A Full Face of Makeup That Is Less Than 1000 EGPWe decided to help you buy affordable yet high quality makeup, so we listed a full face of makeup products that are approximately 1000 EGP, so keep reading and enjoy.
Read more »