Q1：What's the difference between the “Traditional Business Credit” and “Blcokchain Reputation”?
A1：High business credit ≠ High blockchain reputatioin
“R” will give developers a cutting-edge tool to evaluate the users' actvities in the past.
Traditional Business Credit | Blcokchain Reputation | |
History | 150+ years | 0 year |
Relationship | Lending and borrowing | Activity and Trustworthiness of Nodes |
Purpose | Who can achive the loan? | Who can be the trust node? |
Benefit | Higher loan, Lower interest rate. Lower down payment. No deposit when renting. | More chances be trust node. Lower (or free) transaction cost. No deposit in lightning network. |
Data | Banks; Loan institutions; Debt collection | All applications in Bitconch chain and ecology |
Agency | Centralized | Decentralized |
Q2：What's the advantage of PoR, compared with PoW and PoS?
•PoW：Waste power resources
•PoS/DPoS：Centralization and Matthew effect
•PoR：Fair to everyone, motivate everyone
