Stay away from anything that is promoted by Sam Altman when it comes to Blockchain. He is promoting a Stable Coin called Worldcoin that requires you to use biometrics with an iris scan called an Orb that they will send you for free! it takes an imprint of your iris and in return you receive Free Worldcoin. It is the Bio-Weapon wicked "step sister" for a one world currency that the WEF, WHO and world Governments want to promote! This is some REAL stuff that they are looking to usher in, this is no longer a conspiracy theory as they say!
"Qortal does not use Proof of Work (PoW) or Proof of Stake (PoS) like most traditional chains, but instead uses тАШmintingтАЩ. Qortal does not reward only the block signer but rather rewards every minter who is online, synced, and has a minting key assigned to their node (which тАШproves the nodeтАЩ on behalf of the key assigned). Say goodbye to the battle of MINING and welcome in a fair new system where everyone is rewarded for EVERY block MINTED."
The new blockchain tech I am referring to is vastly superior to this.
With online minters assigned a node that is publicly discoverable there is potential for attacks and exploits, etc.
With Qortal you don't have to mint at all if you don't want to. All you need to do is create an account and use it. Minting is in addition not required.
You do not understand my point. It is through the mining and nodes that are publicly viewable that the chain can be brought down. I did not see the code for their tech, so i can't explain the exact point(s) of attack specifically, but the concept leaves a lot to be desired.
The new tech I am referring to is vastly superior.
But with no names on the accounts there is no KYC or customer names. You can call yourself whatever you want. So how exactly is someone going to know who has an account and who does not? There is no central authority. If you call your account "2nd Smartest Guy in the World" well then of course they can find out.
I will elaborate in a forthcoming article -- it is a complex issue that will be unpacked for most everyone to understand.
The names and KYC strictures are irrelevant in terms of nodes and wallets, it is all about the way in which transactions clear which makes the ledger vulnerable, as well as the Satoshi Coefficient, with BTC having the absolute worst value at 4 and AVAX the best value at 25, which means that for BTC only 4 entities can subvert the entire chain, whereas AVAX requires 25 entities.
So how do popular blockchains measure up? Here are some revealing things to know about the measurements for some well-known blockchains.
Bitcoin
By just about any measurement, Bitcoin tends to have the highest Nakamoto score. Its measurements тАФ e.g., for developer, owner and validator тАФ are significantly higher than for most other blockchains. This makes Bitcoin one of the most decentralized blockchains overall. For example, Bitcoin has 14,409 validators and scores a Nakamoto measurement of 7,349, while most blockchains score lower than 15.
BTC's Nakamoto Coefficient of 4 is the worst, and that is why the 51% Attack means anyone investing in BTC is ultimately ignorant of its actual inferior tech.
They will attempt to block the ports for privacy coins (like Monero) at some point. I'm sure people who are smarter than me will find ways around that.
There is a new blockchain technology that will revolutionize the crypto space, and it is coming soon...
Stay away from anything that is promoted by Sam Altman when it comes to Blockchain. He is promoting a Stable Coin called Worldcoin that requires you to use biometrics with an iris scan called an Orb that they will send you for free! it takes an imprint of your iris and in return you receive Free Worldcoin. It is the Bio-Weapon wicked "step sister" for a one world currency that the WEF, WHO and world Governments want to promote! This is some REAL stuff that they are looking to usher in, this is no longer a conspiracy theory as they say!
Not in full mode yet but check out.
Totally decentralized.
https://qortal.org/
"Qortal does not use Proof of Work (PoW) or Proof of Stake (PoS) like most traditional chains, but instead uses тАШmintingтАЩ. Qortal does not reward only the block signer but rather rewards every minter who is online, synced, and has a minting key assigned to their node (which тАШproves the nodeтАЩ on behalf of the key assigned). Say goodbye to the battle of MINING and welcome in a fair new system where everyone is rewarded for EVERY block MINTED."
The new blockchain tech I am referring to is vastly superior to this.
With online minters assigned a node that is publicly discoverable there is potential for attacks and exploits, etc.
With Qortal you don't have to mint at all if you don't want to. All you need to do is create an account and use it. Minting is in addition not required.
You do not understand my point. It is through the mining and nodes that are publicly viewable that the chain can be brought down. I did not see the code for their tech, so i can't explain the exact point(s) of attack specifically, but the concept leaves a lot to be desired.
The new tech I am referring to is vastly superior.
Let us all know what it is when it gets here!
But with no names on the accounts there is no KYC or customer names. You can call yourself whatever you want. So how exactly is someone going to know who has an account and who does not? There is no central authority. If you call your account "2nd Smartest Guy in the World" well then of course they can find out.
I will elaborate in a forthcoming article -- it is a complex issue that will be unpacked for most everyone to understand.
The names and KYC strictures are irrelevant in terms of nodes and wallets, it is all about the way in which transactions clear which makes the ledger vulnerable, as well as the Satoshi Coefficient, with BTC having the absolute worst value at 4 and AVAX the best value at 25, which means that for BTC only 4 entities can subvert the entire chain, whereas AVAX requires 25 entities.
Etc. & etc.
Nakamoto Coefficient Among Popular Blockchains
So how do popular blockchains measure up? Here are some revealing things to know about the measurements for some well-known blockchains.
Bitcoin
By just about any measurement, Bitcoin tends to have the highest Nakamoto score. Its measurements тАФ e.g., for developer, owner and validator тАФ are significantly higher than for most other blockchains. This makes Bitcoin one of the most decentralized blockchains overall. For example, Bitcoin has 14,409 validators and scores a Nakamoto measurement of 7,349, while most blockchains score lower than 15.
https://learn.bybit.com/blockchain/nakamoto-coefficient-decentralization/
Do you have a link to what you stated? Would like to read it.
You have it exactly wrong.
BTC's Nakamoto Coefficient of 4 is the worst, and that is why the 51% Attack means anyone investing in BTC is ultimately ignorant of its actual inferior tech.
https://www.trailofbits.com/documents/Unintended_Centralities_in_Distributed_Ledgers.pdf
I was just posting an article wasn't my thoughts
once tptsb regulate internet access it seems crypto becomes vaporware? [edit] not vaporware just inaccessible so like a ghost
Not at all.
Stay tuned for an article explaining all of this, and the cryptographic means to escape this tyranny.
They will attempt to block the ports for privacy coins (like Monero) at some point. I'm sure people who are smarter than me will find ways around that.