Just got curious about how verus has setuped everything so i tried it out the last 2 days. Actually it’s an more than interesting approach they took. I will just make some comments about the things that got my attention and where/why i think that this approach by verus is way better than the blossom harmony upgrade:
First of all the time lock of coins was just for the first some months as it seems. Now half a year later i can’t see any block rewards time locked. Seems the time lock was for 3 months. Someone can live with this having in mind that the CPU electricity consumption is way lower than asic & gpu electricity consumption.
Second, seems these guys at verus indeed favour cpu mining. I just tried out the mining with my CPU, I7-8700k and a gpu 1080ti to compare them. Amazing result. The cpu mines at 22-23 MH/s while the 1080ti mines at 2.5-3 MH/s. That’s amazing and i really liked it.
50/50 POW/POS seems really fair and good for security as well. As a POS and hybrid POS fan i anyway think this is the way to go in 2019.
The CPU mining is possible even within the agama wallet they use. Just a great feature just by entering the CPU threads number you want to use and hit “start mining” and you are done. Sure, it’s solo mining there only, but it’s still easy and great to see how easy they made it for everybody that can install a miner to particapte in the mining process. For mining pool mining there is a need to use a nhminer, still easy to setup with everybody familar to gpu mining, but not for everybody.
Various anti-cheat, anti-farm, anti-asic/fpga measures. Someone can mine/stake only from 1 wallet.dat file which is again great in my opinion. As soon as superior FPGAs have been spotted on the network the guys there immediatly changed the algo to ensure CPU’s are favoured over all other possible hardware, again, not bad. Interesting that staking is taking place on unshielded adresses only from what i can see, no matter they had to go through the process of shielding and than unshielded again. My guess is that this is for more transparancey, but i could be wrong here. And very importnt in my opinion defence against bot nets.
Not sure, but i think nice hash traffic is blocked as well, be it by accident or intentionally.
I wished zcash would take a similar direction as Verus (fork of Zcash and komodo). While it’s indeed a very small coin/project so far, no doubt, things are done way more easy on their end. However, i think they will achieve maximum security and decentralization this way with way less electricity consumption.
Now sure, ZEC is a different story and scale, but imagine that such approach would be applied to ZEC makes me dreaming about the positive impacts it would have… But than again, we are going with Harmony Blossom … was just dreaming for a second
P.S. & Edit: I really think the Zcash should have some eye on competitors and/or possible competitors like Grin, Beam, even Verus if you want and frequently check what they are doing, what approaches lead to what instead of watching only ETH & casper from distance… Competitors aren’t sleeping …