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Re:DagCoin: a cryptocurrency without blocks by DennisP on Friday December 04, 2015 @11:45PM (#10680913)
Re:DagCoin: a cryptocurrency without blocks by anarcat on Sunday December 06, 2015 @04:41PM (#10686767)
TL;DR. What's the takeaway?
Re:DagCoin: a cryptocurrency without blocks by jbpetersen on Sunday December 06, 2015 @05:25PM (#10686938)
Instead of a hashing contest it uses time locked deposits on which block will be accepted next.

To my understanding it works out as a combination of prediction market style betting and bidding for a block to be accepted.