@michaelsuttonil@mrbvdon@KaspaCouple@FreshAir08@hashdag All right. So then, from an incentives perspective, vprog node gets paid to "advance the state" and "serve it" to whomever through sovereign fee rules embedded where? in the vprog code itself, right? How does the prover node get paid and in what ccy?
@michaelsuttonil@mrbvdon@KaspaCouple@FreshAir08@hashdag vProg Node is different from prover Node, right? vProg Node does not prove execution but "only" stores state and potentially makes it available to anyone interested. Maybe can also execute L1 "triggering Vprog" transactions but without proving them?
@NattyLitecoin@AICryptoG The good news I think is, everything's being equal, it ll double each year and each time the hashrate doubles. It'll go down a little bit with miners gaining efficiency ! In any case, the most important thing and the most difficult to achieve is real tps growth..
@NattyLitecoin@AICryptoG Do you include hardware costs somewhat as an amortisation or something? Coz my calculation without factoring hwd costs with 10c per kwh come around 5c per token
The IMPACT of DeRec will go way beyond @hedera ๐ฅ๐
DeRec will take our industry one step closer to mass adoption.
DeRec, aka โDecentralized Recoveryโ, will solve the market-wide problem of recovering lost private keys to regain access to crypto wallets.
DeRec is a much-needed safety net for Web3 users & we cannot wait to integrate it into Kabila Wallet! ๐
If this is the first time you are hearing about DeRec, you must watch this presentation by @leemonbaird ๐
@NicholasVottero @code_of_crypto @IamHBAR@CoinDesk@DellTech@hedera@JamieCrawleyCD Agree on all the above but the hashpower.. there is no hashpower.. hedera's consensus algorithm is a true gem.. only limited by signature verifications.. I would point anyone interested in the tech to check Dr Leemon Baird talk at harvard in 2017.