News for hackers. Stuff that matters.

A comment on Web3 is centralized and inefficient. Parent comment

Re:Web3 is centralized and inefficient by hunterb123 on Wednesday March 23, 2022 @12:02AM (#30774805)
Coins have different attributes and use cases. Who is to say who can make what. The best of the niche needed will win out, just like every other sector of all industries.

Ethereum has it's EVM. Monero has it's RandomX algo to prevent ASICs, and it's Ring signatures to prevent tracing.

Some coins are pure Proof of Stake and try to solve scaling differently, see Algorand and Cardano.

There are altcoins that are just clones, referred to generally as shitcoins.

[ Parent | on HN ]
Re:Web3 is centralized and inefficient by mccorrinall on Wednesday March 23, 2022 @12:24AM (#30774934)
Just because you can’t buy an ASIC Ant miner doesn’t mean that they have not developed one internally and are running a monopoly. (Spoiler: Bitmain already developed several ASIC miners for Cryptonight in the past)
[ Parent | on HN ]