id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
blog-dshr-org-4901		DSHR's Blog: Chia Network			.html	text/html	3815	443	82	As I understand it, Chia Network's goals are that their blockchain would be more energy efficient, more ASIC-resistant, less centralized, and more secure than Proof of Work blockchains. Proof of Work blockchains become centralized through the emergence of mining pools: What would pools mining a successful Chia Network blockchain look like? The storage for the Proof of Space is effectively "free", but unless these miners joined pools, they would be unlikely to get a reward in the life of the disk. Thus if Chia's network were to become successful, mining would be dominated by a few large pools. Thus I am skeptical that alternatives to Proof of Work will significantly reduce centralization of mining in blockchains generally, and in Chia Network's blockchain specifically. Budish shows that the security of a blockchain against a 51% attack depends on the per-block mining reward being large relative to the maximum value of the transactions in a block.	./cache/blog-dshr-org-4901.html	./txt/blog-dshr-org-4901.txt