Re:Proof of Stake or Proof of Work, What's the Difference?
by topmonk on Monday November 05, 2018 @04:51AM
(#18381068)
I haven't looked at ripple in awhile, but I thought the idea was that if Alice agrees that she can float Bob $5 and Bob agrees that he can float Charles $5 then as long as you trust Alice with a $5 debt, you can trust Charles with a $5 debt, even though you don't know Charles.
And in practice it's usually that Alice and Bob are banks, and Charles is just a customer of Bob's bank. So, Bob can freeze Charles' money.
What you're talking about sounds more like EOS, Cardano, Ethereum Proof of Stake, etc.
Re:Proof of Stake or Proof of Work, What's the Difference?
by EGreg on Monday November 05, 2018 @10:07AM
(#18382815)
I think you are thinking of RipplePay, which was like 10 years ago. Since then Ripple introduced the XRP distributed ledger which is what we’re talking about
And in practice it's usually that Alice and Bob are banks, and Charles is just a customer of Bob's bank. So, Bob can freeze Charles' money.
What you're talking about sounds more like EOS, Cardano, Ethereum Proof of Stake, etc.