News for hackers. Stuff that matters.

A comment on MadMax: Analyzing the Out-of-Gas World of Smart Contracts (2020). Parent comment

Re:MadMax: Analyzing the Out-of-Gas World of Smart Contracts... by saurik on Tuesday February 08, 2022 @02:48PM (#30263591)
The proof of work is unrelated to smart contracts or transactions in general. Even if no one were using Ethereum at all today, the proof of work done would be the same as if it were used to capacity. The proof of work merely protects the consensus: it is not a cost of use.
[ Parent | on HN ]
Re:MadMax: Analyzing the Out-of-Gas World of Smart Contracts... by gowld on Tuesday February 08, 2022 @08:45PM (#30267580)
consensus on the distant past isn't very interesting. The proof of work is like a data center, or by sharing a whole cow's meat -- it costs almost all or nothing, not linear in usage, but the cost is borne by some method of division across the contents.
[ Parent | on HN ]