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Nano principal representatives just became more decentralized than Bitcoin mining pools (x-post r/nanocurrency) : CryptoCurrency


Crypto Currency

Nano principal representatives just became more decentralized than Bitcoin mining pools (x-post r/nanocurrency) : CryptoCurrency

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Before anybody objects to the comparison of BTC mining pools as being equivalent to Nano principal representatives… here’s why they are effectively equivalent:

BTC mining pool = voting weight from contributors all over the world, who just happen to add their voting weight to a consensus node to vote on their behalf. At any time, individual users can redirect their voting weight to somewhere else. The Principal Representative is the representative of the constituent individuals’ voting weight

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Nano principal representative = hashpower from contributors all over the world, who just happen to add their hashpower to a collective mining pool. At any time, individual users can redirect their hashpower to somewhere else. The mining pool is the representative of the constituent individuals’ hashpower.

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