OXEN is a fork of Monero that uses proof of stake instead of proof of work and supports instant transactions. Lokinet (onion router, like tor) and Session (messanger) are build on top of it. I just discovered it a week ago and I'm suprised that I hadn't heard of it before. In my opinion It's a better Monero (except that Monero has higher and more stable price)? What do you think about OXEM? Is it better or not, and why?

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 1 year ago (6 children)

In what sense is it a better monero?

[–] [email protected] 1 points 1 year ago (5 children)

Proof of stake and instant transactions

[–] [email protected] 5 points 1 year ago (3 children)

How instant? Monero transactions can be seen in seconds (in the mempool) which is okay for smaller transactions. And 1-2 confirmations take roughly 2-4 minutes which is recommended for bigger transactions. So still pretty fast for real world stuff.

And what is your reasoning for PoS > PoW? I'm very curious!

[–] [email protected] 1 points 1 year ago (1 children)

We can't spend inputs till they reach 10 blocks though right?

[–] [email protected] 6 points 1 year ago

Assuming you only have one input available, yes.

load more comments (1 replies)

load more comments (2 replies)