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strong_silent_t | 7 years ago
I think DAG coins could be a lot more efficient, but I'm not totally solid intellectually on how they achieve consensus on conflicting spends so I'm not sure it will work as a general solution. The only one I've used, nano, has I believe no mining reward, and I think consensus is achieved based on a voting process weighted by proof-of-stake among online nodes -- the incentive for participating in the system is that the system has value for you in other ways. I'm not closely following ETH PoS research, but it will be interesting to see what they can accomplish, it could create a huge reduction in energy consumption.
api|7 years ago
None, since players would devote their energy to influencing or becoming the third party instead of playing these games.
DAG coins just distribute the mining work across the entire network including edge nodes. That's not necessarily more efficient but it is more decentralized. Of course it remains to be seen if DAG systems can be robust against attack. I'm familiar with several attacks against DAG-type cryptocurrencies that don't seem to have really good answers.