Author Topic: Why does ZooBC blockchain use a Proof of Participation algorithm?  (Read 1664 times)

Offline ZooBC

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Why does ZooBC blockchain use a Proof of Participation algorithm?
« on: September 21, 2019, 03:00:12 pm »
Why does ZooBC blockchain use a Proof of Participation algorithm?


@bzpython and @capodieci explain this

All blockchains need to be protected in some way. Proof of Work tends to become centralized into mining pools. Proof of Stake tends to become centralized in the hands of the wealthy. In an effort to reduce the risk of centralization, we created a new consensus algorithm called Proof of Participation (PoP). As Roberto (Founder & CEO) and Barton (Co-founder and CTO) explain in this video, the goal is to equally distribute rewards to all people who are actively participating in the network. By increasing decentralization, we will achieve increased security.
« Last Edit: September 21, 2019, 03:05:23 pm by ZooBC »

Offline pressing207

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Re: Why does ZooBC blockchain use a Proof of Participation algorithm?
« Reply #1 on: September 21, 2019, 08:15:43 pm »
There is already a PoP algorithm that is used in other failed projects. POS variety. But, here the same name, but quite a different in essence algorithm. Two identical names of very different things?

Offline bzpython

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Re: Why does ZooBC blockchain use a Proof of Participation algorithm?
« Reply #2 on: September 21, 2019, 09:01:10 pm »
Can you give us a link to the other project? We searched for this name before committing to it for our algorithm but didn't find much. I would be very interested to learn their approach and how it compares with ours.

Offline pressing207

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Re: Why does ZooBC blockchain use a Proof of Participation algorithm?
« Reply #3 on: September 21, 2019, 10:27:54 pm »
https://medium.com/@EggerMielberg/proof-of-participation-pop-asynchronous-byzantine-activity-oriented-protocol-2d8471e56be
SPND SERV 
https://bitcointalk.org/index.php?topic=4755982.0
http://joxi.ru/Vm6ZoBbc4lb6qm
PoP looks like a piece of music. Lightly. Especially there are repeats. Maybe before it 's too late, change the global acronym. For many people, it 's already skimmed. Can. PoPSW?  SUPER WAGON///
Если, Вы меня не услышите, то с этими повторялками скоро будет огромная проблема.  Уж, простите... If you don 't hear me, there will soon be a huge problem with these repeats. Well, I 'm sorry...
Может быть даже необходимо сделать патент на новую аббревиатуру.  Скоро будут миллионы повторяющих..  Оправдыавться замучаетесь. Необходимо все заранее юридически оформить... It may even be necessary to make a patent for a new abbreviation. There will soon be millions repeating.. You justify being tortured. It is necessary to formalize everything in advance..
« Last Edit: September 21, 2019, 11:58:15 pm by pressing207 »

Offline pressing207

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Re: Why does ZooBC blockchain use a Proof of Participation algorithm?
« Reply #4 on: September 22, 2019, 05:10:21 am »
Everything will be good...
« Last Edit: September 25, 2019, 10:30:21 pm by pressing207 »

Offline pressing207

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Re: Why does ZooBC blockchain use a Proof of Participation algorithm?
« Reply #5 on: September 22, 2019, 05:30:56 am »
 ::)
« Last Edit: September 25, 2019, 10:31:08 pm by pressing207 »

Offline bzpython

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Re: Why does ZooBC blockchain use a Proof of Participation algorithm?
« Reply #6 on: September 24, 2019, 10:07:25 am »
https://medium.com/@EggerMielberg/proof-of-participation-pop-asynchronous-byzantine-activity-oriented-protocol-2d8471e56be
SPND SERV 
https://bitcointalk.org/index.php?topic=4755982.0
http://joxi.ru/Vm6ZoBbc4lb6qm
PoP looks like a piece of music. Lightly. Especially there are repeats. Maybe before it 's too late, change the global acronym. For many people, it 's already skimmed. Can. PoPSW?  SUPER WAGON///
Если, Вы меня не услышите, то с этими повторялками скоро будет огромная проблема.  Уж, простите... If you don 't hear me, there will soon be a huge problem with these repeats. Well, I 'm sorry...
Может быть даже необходимо сделать патент на новую аббревиатуру.  Скоро будут миллионы повторяющих..  Оправдыавться замучаетесь. Необходимо все заранее юридически оформить... It may even be necessary to make a patent for a new abbreviation. There will soon be millions repeating.. You justify being tortured. It is necessary to formalize everything in advance..

I've reviewed the tech you linked, and I can say it is not related or even similar to the algorithm we have called Proof of Participation. Our algorithm (described in mild detail in the White Paper draft) is not used by any other blockchain.

I think we can afford to keep the name for now. Like domain names, virtually every combination of "proof of" words is taken lol. I have confidence that ours will become the known one over this project.

Offline pressing207

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Re: Why does ZooBC blockchain use a Proof of Participation algorithm?
« Reply #7 on: September 24, 2019, 04:35:45 pm »
Trust me. You don 't have to resist. You 've already been repeated. You lose a year. I 've already informed Roberto. Many projects today come out with the name PoP/People don 't even read the forum when they see it. All projects collapsed 100 times.
« Last Edit: September 24, 2019, 04:46:58 pm by pressing207 »

Offline boby

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Re: Why does ZooBC blockchain use a Proof of Participation algorithm?
« Reply #8 on: September 24, 2019, 06:19:17 pm »
is there any link / testimonies written about collapsed project ?

Trust me. You don 't have to resist. You 've already been repeated. You lose a year. I 've already informed Roberto. Many projects today come out with the name PoP/People don 't even read the forum when they see it. All projects collapsed 100 times.

Offline pressing207

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« Last Edit: September 24, 2019, 07:37:18 pm by pressing207 »

Offline bzpython

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Re: Why does ZooBC blockchain use a Proof of Participation algorithm?
« Reply #10 on: September 26, 2019, 09:24:10 am »
is there any link / testimonies written about collapsed project ?

I'm also interested in this. Would be very interesting to see a dissection of something that came before called Proof of Participation and why it failed.

Offline matthew

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Re: Why does ZooBC blockchain use a Proof of Participation algorithm?
« Reply #11 on: September 26, 2019, 09:05:35 pm »
I bet there will be other 2nd gen of PoW in anytime soon

Offline pressing207

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Re: Why does ZooBC blockchain use a Proof of Participation algorithm?
« Reply #12 on: September 28, 2019, 05:27:33 pm »
Roberto Capodieci http://bcz.ooo, [18.09.19 11:59]
And the company behind that PoP concept seems a copy of DeBuNe original idea: https://www.intellsphere.com/
alexandr, [18.09.19 12:03]
I thought you were fighting at me... The fact is that already many new projects write POP (DPOS)/All of them enter the market and fall in price hundreds of times. SPND, SERV

Roberto Capodieci http://bcz.ooo, [18.09.19 12:05]
no, it is different...

Roberto Capodieci http://bcz.ooo, [18.09.19 12:05]
just same name, PoP, different approach

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« Last Edit: September 28, 2019, 06:42:52 pm by pressing207 »

Offline pressing207

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