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by drdeca
3900 days ago
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This looks cool! However, if the tracker is centralized, doesn't protection against double spends basically come for free? Or, maybe not because of the other things? Oh, wait, ok so in this situation does the tracker have any privileged information? It doesn't look like it, So, another party could take the place of the tracker if the tracker went down? I don't understand the proof of stake bit in the readme. I don't see anything about staking the coin, and I generally don't understand how proof of stake applies to something like this? |
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The proof of stake is essentially for free; as described above, by verifying you know the current secret key of the coin, you verify you own that coin. There is no transaction history; the coin is secret and updated randomly on every transaction.