This is false. See Algorand, Cardano, Mina, etc.
Proof-of-work is very much a technology of the past. It's the fossil fuel of cryptocurrencies.
This is false. See Algorand, Cardano, Mina, etc.
Proof-of-work is very much a technology of the past. It's the fossil fuel of cryptocurrencies.
[1]: https://www.algorand.com/resources/news/carbon_negative_anno...
Who manages the list of relay nodes? What about decentralization?
> Currently, the Algorand Foundation manages the official list of relay nodes...
> We are working on a model where the decisions on relay nodes will be done in a more decentralized way.
As for the centralized domain, you can look it up in the source code but essentially it gets the list of relays from a SRV record on the algorand.network domain:
_algobootstrap._tcp.mainnet.algorand.network
- everyone downloads the client/code of a cryptocurrency from the same place
- that client also hardcodes a list of peers that you first connect to in order to discover more peers
The first issue is more problematic, and the second issue usually matters less.
My guess is that algorand rely on relay nodes because they are targeting a high throughput, and thus need quick communication between nodes.