Why do proof of work systems ramp up the difficulty of hash solving while keeping latency constant, instead of keeping difficulty constant while nodes compete to reduce latency? The later seems more useful, and not inflationary.
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I mean, this is obviously true? PoW is literally just an enforced random wait time. That's all it is. It doesn't do anything for consensus whatsoever.
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it does, participants agree with each other that more work has been done to a specific chain. You could achieve the same result with other algorithms rather than PoW...
End of conversation
New conversation -
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PoW is not consensus, I get that... but it is the way to achieve consensus.
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