> "the winning miner has no choice in the payout -- he committed to it before he started hashing that block and can't change it afterwards." How does "commitment" work? is commitment backed by PoW?
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The share chain is a blockchain of it's own. It has its own consensus rules and those rules include shares/split percentages. Mining is progress free but broadcast as blocks with a work target that is lower than that of Bitcoin. ("Weak blocks")
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Yeah I used "progress" loosely as proof that you have done some partial work short of the target. Very curious on how share-chain consensus works. BTC its dead simple: most accumulated & valid PoW chain. Is it similar to that or something different entirely? Since you use a DAG.
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Accumulated work is easy to measure: just add it all regardless of DAG structure. If you need double spend protection I have another algorithm...In the simplest case of a diamond sub-graph -- just order first the side with the smaller hash, for instance. But this generalizes.
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Anywhere I can read up more on this DAG-based consensus? And just to be clear, the reason you're opting for a DAG is to reduce the orphan rates. So it's an optimization. Is this an accurate assessment? Would share-chain consensus work with just a simple linked-list, like BTC?
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Yes, it's called p2pool, and it's all but dead for a host of reasons. A DAG isn't really an optimization since a blockchain fails to reach consensus for fast block times, due to orphans. If you want fast blocks, a DAG is required.
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What do you think are the *main* reasons? that p2pool is dead
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besides the high orphan rates
End of conversation
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