Hi, considering the Defichain is partially P.o.w should be worried

Question

DeFiChain - International

Lorenzo Bertello

Hi, considering the Defichain is partially P.o.w should be worried

about incoming regulation?

#blockchain #cryptocurrency #defichain #english

0

13.03.2022

2 ответов

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Spencer L

For simplicity and regulation purposes, trust Bernd. He is always right. DeFiChain is POS. But if you want to look deeper, every masternode actually gets hash power (2-4 h/s depending on the masternode, unlocked, five-year lock, etc.) The total hash rate is 30 kh/s from all the masternodes. But it has removed aspects of POW thar are disliked and made it POS-like instead. For example every type of masternode gets the same hash rate, doesn't matter if it's the world's best supercomputer or your computer from 2012 that needs to be repaired. So people are also not wasting time and money to find the best computers, buy them, and then wasting energy mining. In comparison bitcoin hash rate is 200 eh/s, since it takes 600s on avg for a block, only 1 out of every 12,000,000,000,000,000,000,000 hashes actually works. That's what the regulators want to fight mainly I think, so with DeFiChain the rate is only 1 per 900,000. Still could be better, but there is so little energy consumption that reducing it wouldn't even really do much. So even though DFI runs on "POW" it effectively is POS because like POS you have to stake 20,000 DFI first to receive that hashpower. Did that make sense or was just confusing?

0

14.03.2022

Bernd Mack · Accepted Answer

Bernd Mack

What do you mean with partially P.o.w?

0

13.03.2022

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Hi, considering the Defichain is partially P.o.w should be worried

2 ответов

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