Re:Ask HN: Cryptocurrencies – POUW (proof of useful work)
by randomhodler84 on Friday May 21, 2021 @07:20PM
(#27241177)
It’s not early days for it, I feel it’s been done and done and failed every time so far. I think the fundamental problem is most useful work, which we can define as work that can be used in another context rather than just validating difficulty — eg protein folding, is very difficult to reason about the energy requirements of a “valid solution”, and linearly scaling the difficult to adjust to work magnitude. Useful work tends to be expensive to validate also, whereas verify for SHA256^2 POW is trivial. Ideally you want easy to reason, linearly scaling and highly asymmetric create/validate.
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