Discussion of Proof of Stake (POS)
Hi All,
I try here to summarize Pro and Con of Proof of Stake (POS) feel free to participate!
UPDATE: here you can find a more detailed draft how pow in combination with pos could look like:
How could Prof of Stake (POS) in combination with proof of work (POW) look like?
For example the hash of the last block is used to draw one* unspent coin.
The owner of the coin could now create an POS transaction that referenced the block.
If the next block includes this
for me delegated proof-of-stake does not sound that bad, as long as once after a while the delegation must be renewed.
So coins could be hold still in cold storage.
An alternative would be to use another variant, that simulates "virtual miners".
Instead of directly using proof of stake, you can buy "virtual miners" with destroying (or in case of Freicoin donating) coins.
With this "virtual miners" you can sign blocks similar like in the proof of stake proposal.*
* To guarantee fairness "