This is why #ProofOfBurn on #Koinos is brilliant.
09 Sep 2023, 14:33
This is why #ProofOfBurn on #Koinos is brilliant. It removes the hashes and understands it is the cost to produce a hash is what secures the network. Coincidentally, that cost scales with the market cap of $KOIN ensuring sufficient security for the current risk at all values.
Same news in other sources
109 Sep 2023, 16:21
Hashes DO NOT secure a decentralized network. It is the COST TO PRODUCE the hashes that secures the network which is what sets #ProofOfBurn apart because there are no hashes, just pure cost which scales perfectly with the value of the network!
Hashes DO NOT secure a decentralized network.
Hashes DO NOT secure a decentralized network. It is the COST TO PRODUCE the hashes that secures the network which is what sets #ProofOfBurn apart because there are no hashes, just pure cost which scales perfectly with the value of the network!