Create account

replied 1890d
No, because AVA will be PoS, but AVA is not BCH.
replied 1890d
Haha, I'm behind on this. BCH was going to be AVA 28 days ago
https://memo.cash/post/938f468d41d133e839571673f238ae4280ecc8b8ed05524da2c7171b8dcc7017
replied 1889d
It essentially helps 0-conf transactions by protecting against double spends, and will likely help block propagation and scaling. I think it also might prevent some other problems.
replied 1889d
If a transaction meets Avalanche consensus we can feel safer accepting the transaction knowing there is no double spend, even if it still has zero confirmations on the blockchain.
replied 1889d
The BCH devs are looking to see if Avalanche consensus can be used as a preconsensus for transactions. It just manages the mempool for miners to process transactions from.
replied 1890d
Sorry I think you misunderstand. When I say "AVA" I mean the new coin that will be released. Are we talking about the same?
replied 1890d
No. Avalanche
replied 1889d
Ah okay but Avalanche is not by definition PoS.
replied 1889d
Not by definition but I suspect it quickly degenerates into PoS. How else can you trust the Avalanche data for anything? Not surprisingly, AVA coin is PoS
replied 1889d
You can base the weight of votes on POW. Yes AVA coin is PoS. Whatever this you are saying is speculation. I think Avalanche is awesome but I'll leave if BCH becomes PoS.
replied 1889d
Good point. However, PoW-based avalanche is more complicated, and it does not allow miners to come and go arbitrarily as they would surely lose trust.
replied 1885d
I don't think Avalnche becomes any more complicated if it relies on PoW, or PoS. It is it's own consensus form, and is independant of the PoW done by miners.
replied 1885d
maybe loose trust in avalanche yes. but remember that avalanche is solely going into effect if there is a conflict.