Bram Cohen, the BitTorrent inventor, will be developing his own cryptocurrency
Bitcoin price goes down: We can think of it as either an opportunity to enter the market for a cheap price or a warning for a bubble to happen soon. Bitcoin use PoW (Proof of Work) to reward miners (Needs more Energy) for their efforts and the problem about the so called "51% attack".
I am interested on what Bram Cohen's idea;
According to torrentfreak.com Bram Cohen's cryptocurrency solution could be based on Proofs of Space and Proofs of Time, which is quite different from the Proof of Work and Proof of Stake algorithms that are currently in use.
I will keep an eye for any updates with his new cryptocurrency. This sounds a big leap!
Source: torrentfreak.com
Podcast: stealthisshow.com
i guess it is an opportunity and i should buy a little bitcoin - thnx for the post - i am now following you
we already have BURST coin with proof of capacity so whats the point?
and FileCoin is lunching as we speak, no sense to wait for this guy