A faster, more efficient cryptocurrency
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A faster, more efficient cryptocurrency
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Re: A faster, more efficient cryptocurrency
#2Where can I get the source code?
Re: A faster, more efficient cryptocurrency
#3Does this just reduce join bandwidth? If so it's a minor improvement since the real problems with scalability are transaction size and proof of work cost per TX.
Re: A faster, more efficient cryptocurrency
#4There are a few cryptocurrencies out there on market and usable with big communities that use 99% less energy and data that bitcoin
Re: A faster, more efficient cryptocurrency
#5Interesting, will they accept tuition payments in it?
Re: A faster, more efficient cryptocurrency
#6Does this just reduce join bandwidth? If so it's a minor improvement since the real problems with scalability are transaction size and proof of work cost per TX.
> With traditional cryptocurrencies, users compete to solve equations that validate blocks, with the first to solve the equations receiving funds. As the network scales, this slows down transaction processing times. Algorand uses a “proof-of-stake” concept to more efficiently verify blocks and better enable new users join. For every block, a representative verification “committee” is selected. Users with more money — or stake — in the network have higher probability of being selected. To join the network, users verify each certificate, not every transaction.
Seems they've moved to a Proof of Stake solution, rather than a Proof of Work. Ethereum was meant to switch to it, iirc, but never did.
Re: A faster, more efficient cryptocurrency
#7Is data usage a big problem for Bitcoin?
Re: A faster, more efficient cryptocurrency
#8Interesting, will they accept tuition payments in it?
That could be an interesting first use case: accepting partial or full tuition payment or maybe student fees or club/activity fees with this?
Re: A faster, more efficient cryptocurrency
#9There are a few cryptocurrencies out there on market and usable with big communities that use 99% less energy and data that bitcoin
I should do my own research but I’d appreciate if you can name a few of them.
Re: A faster, more efficient cryptocurrency
#10[deleted]