Josiah Spackman on DigiByte and Proof-of-Work Mining's Challenges

Josiah Spackman on DigiByte and Proof-of-Work Mining's Challenges

Josiah Spackman, a.k.a. DGB_Chilling, comes on the podcast to discuss the particulars of proof-of-work mining, the various types of mining algorithms, with the drawbacks and benefits of each approach, in the context of recent 51% attacks. We go into just how fragile the security models are behind most prominent cryptocurrencies, particularly those which are purely GPU-mined or are not the dominant chain on their selected hashing algorithm. Finally, we go into DigiByte’s multi-algorithm mining system and ask some tough questions about what happens in the worst case scenario.

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