camosoul
Well-known member
So, I had some free time inside my head, and I wandered into what the future may bring....
Masternodes really should be in charge of the network. But Proof of Work does still matter. Masternodes and IX have made the payment tracking not only instantaneous, but ansynchronous from the block discovery... It only makes sense to make Proof of Work, Blockchain creation, subservient to the Proof of Service... So then, we could go back to CPU mining. We wouldn't need to secure the network with a hash race. Hash validity could even have a cap integrated. A software based PLL so that hash is constant per node. We no longer have to settle for the rule of the wild. MNs ARE the Miners. Creating a blockchain becomes utilitarian and nothing more. We need a ledger to dump the locked TX memory pool into. We do need to mint at a predictable rate. But it is now asynchronous to the formation of TXes, and thus, takes a back seat, so to speak. It's no longer the central role, even though it does still matter. This also means there is no longer a need to split payments between miners and MNs, because MNs are the only miners. DGW seems to be overkill there, as the only time hashrate changes is when more MNs come or go. But overkill in securing the chain never hurt, right? May as well leave DGW. Cap on the hashrate so that VPSes don't peg the needle... We don't need crazy hashrate. Only a consensus of much more distributed Masternodes can mint a block, so diff only need be high enough to assure it's real, not beat out anyone else since they're not allowed in at all without PoService... Also, no more 51% problem. No more pools consolidating the hash "exit points." Vastly more distributed.
Anyway, I just wanted to think it out loud. I could be all wet, but it seems like the natural evolution...
Masternodes really should be in charge of the network. But Proof of Work does still matter. Masternodes and IX have made the payment tracking not only instantaneous, but ansynchronous from the block discovery... It only makes sense to make Proof of Work, Blockchain creation, subservient to the Proof of Service... So then, we could go back to CPU mining. We wouldn't need to secure the network with a hash race. Hash validity could even have a cap integrated. A software based PLL so that hash is constant per node. We no longer have to settle for the rule of the wild. MNs ARE the Miners. Creating a blockchain becomes utilitarian and nothing more. We need a ledger to dump the locked TX memory pool into. We do need to mint at a predictable rate. But it is now asynchronous to the formation of TXes, and thus, takes a back seat, so to speak. It's no longer the central role, even though it does still matter. This also means there is no longer a need to split payments between miners and MNs, because MNs are the only miners. DGW seems to be overkill there, as the only time hashrate changes is when more MNs come or go. But overkill in securing the chain never hurt, right? May as well leave DGW. Cap on the hashrate so that VPSes don't peg the needle... We don't need crazy hashrate. Only a consensus of much more distributed Masternodes can mint a block, so diff only need be high enough to assure it's real, not beat out anyone else since they're not allowed in at all without PoService... Also, no more 51% problem. No more pools consolidating the hash "exit points." Vastly more distributed.
Anyway, I just wanted to think it out loud. I could be all wet, but it seems like the natural evolution...