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Add coins with dPOW with attack cost >= BTC

Open passcombo opened this issue 4 years ago • 2 comments

I think it is good to promote awareness and new technology (which successfully works for 3 years)

dPOW = delayed POW - it works for KMD, VRSC and forks like ARRR. They are notarized to BTC every 10 minutes on average, so I believe they should have like: 1h attack cost >=BTC *

    • <10 min attack cost is much cheaper (before notarization). But in reality we talk about 1h attack cost, and also average, and for big amounts you should wait until minimum 1 notarization.

passcombo avatar Feb 10 '21 10:02 passcombo

this coins and most other coins that are not POW, their security model is different, it doesn't depend on hashratte, it depend on masternodes or notary nodes or POS nodes not colluding betwen themselves. Something that is difficult to prove as it will be easy to spin a lot of nodes and pretend to be different people. "decentralized". AKA not everyone can participate like POW. Basically you are trusting holders.

This would requiere a whole new section in the site with a bunch of different parameters.

samurai321 avatar Mar 14 '21 11:03 samurai321

It is true there are 64 nodes, but these have no special power - because randomly 13 of them are selected each notarization to notarize to BTC so probability of manipulations is pretty low (64 over 13).

I call 64 nodes democratically elected around the world a decentralized system - it is far different then others like Neo, where nodes are only run by devs or big hodlers.

Also another serious project (Verus) is building on top of KMD because of the reason BTC hash rate is employed and it works for double spend protection. Some external projects also use the tech (GAME Credits, Kreds, Einsteinium, SUQA, and GIN Coin).

The dPOW functionality works as on-chain Security as Service. https://blog.komodoplatform.com/en/delayed-proof-of-work/

It is good to expose superior tech when it exist. All dPOW coins are effectively protected by BTC.

It is true that exact cost is hard to calculate, but estimation is good enough, and it is >= BTC cost for 1h attack.

In real life we often use estimation to decide what is better.

passcombo avatar Mar 14 '21 15:03 passcombo