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Recently I've had to investigate the staking architecture of certain altcoins.

It's interesting to compare their architectures and technical decisions with what I know of #Bitcoin.

One thing I can say of the chains I've looked at, is that they're mainly larping as decentralized. Meaning that they're kinda decentralized, but if nation-state level pressure arose, they'd centralize and be compromised very quickly.

One chain, Flow, has functions run by "admin" accounts with a TBD for "decentralization" of those functions.

Another, Kava, has an upper limit of 100 for the number of validators necessary for establishing consensus.

Bitcoin is in a completely different league.

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Discussion

Melvin Carvalho 2y ago

Largely agree. Litecoin is not bad, imho, as it is merged mined with doge. And doge has infinite supply. Kimoto gravity well, could be good. Vertcoin's consensus algorithm (Lyra2REv3?) is holding up quite well I think. MyriadCoin interesting technique with multiple different hash algos. Most are scams, and premines, but a few bits on innovation in there I think, among the old school PoW coins pre Ethereum.

JC Brand 2y ago

I'm mainly interested in Bitcoin and believe it's the most important project in the space, but I'm not a maxi of the type that says everything else is a scam. Even with the PoS coins I'm keeping an open mind. Lots of experimentation going on.