Open ashvetsov opened 6 years ago
I am on the same way as you - using DHT for distributed ledger but I think mining and PoW is a mistake it is pointless and it is not eco. Much better would be all coins to be mint in the beginning and distributed among many people.
I couldn't agree more with you about the PoW thing, and I'm thinking about a system to get rid of that. But I cant resign to mint the coins at the beginning, not with a DHT and not without a very good security and mathematic audit :)
btw you need error correcting algorithm in order to avoid losing of data if a node leaves the net. You could examine the ledger of Holochain. It is based on Kademlia DHT but it is for aApps, not just ledger, which makes it more complex, it would be great if you do only ledger, this is the best and important use case for dapp in my opinion.
I like an idea of your project and would love to discuss possible sponsorship of your development. Please drop me a mail to ashvetsov@gmail.com ;-)