I'm interested in seeing a real explanation of the Dagger algorithm.
In brief: the only source I can find (that page) just contains a few sloppy lines of pseudocode. Where is real description and proof of its properties?
In brief: the only source I can find (that page) just contains a few sloppy lines of pseudocode. Where is real description and proof of its properties?
http://www.reddit.com/r/ethereum/comments/1vh94e/dagger_upda...
Not just in this link but in another that I cannot find, the devs seem to be leaning towards a bybrid PoW/PoS system like Peercoin.
Edit:
Quote was, "We will switch our PoW from Dagger to a hybrid PoW/PoS system to be developed via a bountied competition conducted by our university partners and open to the general community for participation." from https://bitcointalk.org/index.php?topic=428589.0;all.
And now they've stated,
"We have made a preliminary decision that we likely will fund a contest, similar to that used to develop AES and SHA3, to determine the best ASIC-proof (ie. going beyond just "memory hard" as a heuristic) mining algorithm" http://www.reddit.com/r/ethereum/comments/1vh94e/dagger_upda...