Bitcoin Q&A: Directed acyclic graphs (DAGs) and IOTA

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I think this is because the proof of work has something really unique It is also very valuable in nature. On a wider level, I think that in an open, decentralized network, the proof of work of confidential participants Make cryptocurrency can efficiently resist browbeating, management regulations and censorship system. The techniques I have actually seen that use directed acyclic charts are essentially It is a hybrid of proof of stake (PoS) or proof of authority system. I think the evidence of authority, which is what you see in some blockchains-such as IOTA, Their system is to check whether the node is credible. No one has provided an evidence that can change the work And still maintain the very same immutable system; Or a substitute for decentralized open mining and proof of work, And still keep a decentralized system that does not rely on a centralized role.

Video Transcript:

On a wider level, I believe that in an open, decentralized network, the evidence of work of anonymous participants Make cryptocurrency can successfully withstand browbeating, management guidelines and censorship system. The strategies I have actually seen that use directed acyclic graphs are essentially It is a hybrid of proof of stake (PoS) or proof of authority system. No one has given an evidence that can replace the work And still preserve the same immutable system; Or a substitute for decentralized open mining and proof of work, And still preserve a decentralized system that does not rely on a centralized function.

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