No. Proof-of-work is in the figuring out additional bytes in block to get hash that represent a number that is less than certain number set by implemented rules, not in the signing of block or being online. That depends on computing power and so energy expensive.
Proof-of-networking does not need huge amount of complex calculations, just online time and accessability. Block just signed by node that is voted among other nodes. Nodes with larger online for certain period get higher weight in voting process. So any online node could be choosen and get reward for signing current block without all that usual megahashes per second. This will force users keep their nodes online constantly and such crypto will have much larger and much stable network and since there are no need to do a lot of calculations there will be very fast transactions. There are no known crypto based on that principle yet, but many p2p projects like i2p or tox already have some potential to add that functionality.
With proof-of-work, those who have higher computing power have higher probability to get award from transactions fee. With proof-of-networking, those who have higher online have higher probability of getting reward. I think it is much more fair for network based independent currency.
No. Proof-of-work is in the figuring out additional bytes in block to get hash that represent a number that is less than certain number set by implemented rules, not in the signing of block or being online. That depends on computing power and so energy expensive.
Proof-of-networking does not need huge amount of complex calculations, just online time and accessability. Block just signed by node that is voted among other nodes. Nodes with larger online for certain period get higher weight in voting process. So any online node could be choosen and get reward for signing current block without all that usual megahashes per second. This will force users keep their nodes online constantly and such crypto will have much larger and much stable network and since there are no need to do a lot of calculations there will be very fast transactions. There are no known crypto based on that principle yet, but many p2p projects like i2p or tox already have some potential to add that functionality.
With proof-of-work, those who have higher computing power have higher probability to get award from transactions fee. With proof-of-networking, those who have higher online have higher probability of getting reward. I think it is much more fair for network based independent currency.