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RE: Some thoughts regarding a Proof of Research Blockchain by core developer TheCharlatan

in #gridcoin7 years ago

TheCharlatan's Reply

Reply to Hotbit:
I agree, scaling a blockchain in its current form to millions of researchers is impossible without either strong centralization (such that much larger blocks can be processed), sidechains, or sharding. None of these are sufficiently researched (although Cardano is doing some really good work on the latter).
Lets say we have a system that pays out all researchers on a daily basis, while pure Proof of Stake is used to push the chain forward. Researchers get paid no matter what. It is very cheap to DoS attack such a scheme, daily payouts would flood the entire network, clogging up the network for regular transactions.
I'd argue that the current system can scale to millions of researchers and at the same time serve as an incentive for a healthier Proof of Stake setup. Pools can bundle and hold back their payout, and have little incentive to stake more often than a couple of times a day. This leaves a significant portion of stakers to still do solo staking and keep the network decentralized. Assuming a 25tx/s throughput and pools bundling and holding back their payout for up to a week, the system can easily scale to millions without signifitcantly clogging the network.

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