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Proof of History PoH is notably used for Solana. Creates time stamps that prove a block was created at a certain time. Transactions and events are hashed with the SHA256 hash function producing a difficult output that is almost impossible to predict and then using it for the next transaction. Think building blocks, if you remove one in the middle it all falls. The issue with PoH is the requirements to become a validator, strict hardware requirements, and a large holding of SOL, but at the same time, nobody can "control" the technology (unless you're FTX).
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So Ethereum is merging to PoS soon, does that make it good? Well not exactly, PoS is still a system that enables the richest network holders to control the network. We can go back and forth about the pros and cons of PoS, but instead, let's briefly look at some alternatives and create a discussion.
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InfluxDB
Power Real-Time Data Analytics at Scale. Get real-time insights from all types of time series data with InfluxDB. Ingest, query, and analyze billions of data points in real-time with unbounded cardinality.
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Proof of Work Bitcoin's Proof of Work, the original blockchain technology. You mine the token, receive it, and do whatever you want with it. Wanna earn more tokens? Use the earnings to purchase better equipment to mine more tokens. To control a large number of tokens in a PoW system, you'll need to constantly reinvest and upgrade your equipment to grab a larger market share. You mine an invalid block? Well, you wasted electricity to mine the block, creating a more natural ecosystem than PoS. On top of that, Bitcoin has its halving cycle.
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effective-collective
Facilitating collaboration & funding of social and elective projects through collective choice.🌎🌍🌏 Equal parts of Participatory Economics, Project-based Crowdfunding, and Universal Basic Income.
I've described a system that could be modified to do something like this in Effective Collective, and the wider ideas in the Web 4 Manifesto.
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I've described a system that could be modified to do something like this in Effective Collective, and the wider ideas in the Web 4 Manifesto.
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WorkOS
The modern identity platform for B2B SaaS. The APIs are flexible and easy-to-use, supporting authentication, user identity, and complex enterprise features like SSO and SCIM provisioning.
