SvennoJ said:
The problem with all those alternatives (proof of stake) is that it defeats the original purpose of crypto currency |
Adding that. Proof of state Blockchain could be used to official nationwide networks, used by government for official purposes. As in PoS networks all "coins" are already mined/forged and the owners of coins only confirm their transactions. One usage for this: voting
You build a blockchain network and forge a coin to each voter. Each person got their own coin and spend that with a vote. It's safe and cannot be hacked, everyone can easily vote from their mobile phones or PCs instead of using paper. Environment damage is severely reduced and won't have evil corporations managing the network... well unless the government is corrupt
Of course I'm just brainstorming. An official application would need a more sofisticated system to prevent frauds