Lithos: The Future of Proof-of-Work Mining — Cheese Enthusiast (Ergo Meetup 2025) скачать в хорошем качестве

Lithos: The Future of Proof-of-Work Mining — Cheese Enthusiast (Ergo Meetup 2025)

Cheese introduces Lithos, a next-generation decentralized mining-pool protocol for Ergo that re-imagines proof-of-work from the ground up. By removing centralized pool operators, introducing Non-Interactive Share Proofs (NISPs), and enabling collateralized block production, Lithos brings transparency, censorship-resistance, and fairness back to miners. The talk covers the motivations, math, and mechanics behind Lithos, the upcoming testnet launch, and how third-party collateral and the Lithos token create a permissionless, self-sustaining proof-of-work economy. ⸻ ⏱️ Chapters (bookmarks) 00:00 — Intro & background: “Cheese / Curat” on the future of PoW 00:17 — Vision: transparency + decentralization for mining pools 00:57 — Why mining pools became centralized 01:30 — SmartPools on Ergo (getblocked.io) and lessons learned 02:30 — Goal of Lithos – fully decentralized pools on-chain 03:15 — Centralization risks: control of payments and block production 04:00 — Censorship examples (Ethereum / Tornado Cash reference) 05:10 — Mining-pool power vs Satoshi’s decentralized vision 06:00 — Problem statement – lack of transparency and trust 07:20 — Solution: smart-contract pools for fair payouts and no middlemen 08:30 — Trustless distribution & the “millions of shares” problem 09:00 — Introducing Non-Interactive Share Proofs (NISPs) 10:15 — How NISPs compress work and preserve fair rewards 11:40 — Optimistic roll-ups & fraud proofs for off-chain verification 12:00 — Collateralized mining for censorship resistance 13:20 — Instant payouts via pre-funded ERG collateral 14:20 — Third-party collateral so new miners can join without ERG 15:50 — Collateral as yield — market for lenders & fixed fees 16:40 — The Lithos Token – incentivizing miners and lenders 18:00 — Technical overview: collateral + NISPs + roll-ups 19:00 — Comparisons to P2Pool (Monero) and SmartPools (Ergo/Ethereum) 20:00 — How NISPs change the question of “work” 21:00 — Proof of high-difficulty shares vs traditional share count 22:00 — Optimistic roll-ups & sequencers for scalability 23:00 — Fraud proofs and miner incentives to police the network 25:00 — Decentralized sequencers and open pool creation 27:00 — Blockchain-agnostic design — mine Bitcoin via Ergo contracts 28:20 — Rosen bridge and cross-chain payments 29:00 — Proof-of-work economy between miners and collateralizers 30:00 — “Staking for PoW” – non-miners can earn ERG by collateralizing 33:00 — Local stratum and zero stale-shares architecture 35:00 — Mining difficulty as self-chosen parameter → risk/reward curve 38:00 — Adjusting difficulty affects consistency & payouts 41:00 — New mining experience vs traditional pools 45:00 — Lithos client UI + HTML panel demo plans 46:10 — Testnet launch timeline (Nov 2 target) 48:00 — Supported miners (WriggleMiner & NBMiner) 50:00 — Block selection logic and MEV plans 52:00 — Collateral markets and open fee competition 55:00 — Lenders vs miners: self-collateralization incentives 57:00 — Tokenomics still in design; protocol first focus 58:20 — Community Q&A – use-cases, MiningPoolStats integration, sequencers 01:02:00 — Future plans & closing remarks ⸻ 💡 Key Takeaways • Lithos = next-gen decentralized mining protocol built for Ergo. • Goals: eliminate centralized pool operators, restore miner autonomy, and enable transparent payouts. • Non-Interactive Share Proofs (NISPs): compress millions of shares into ~10 verifiable ones → cheap, on-chain-verifiable work proof. • Optimistic roll-ups + fraud proofs shift heavy computation off-chain while keeping auditability. • Collateralized mining lets miners get paid instantly and prevents censorship of transactions. • Third-party collateral market opens mining to anyone (no ERG needed) and creates a yield opportunity for non-miners. • Lithos Token: used to incentivize miners, power collateral markets, and align the ecosystem economically. • Fully blockchain-agnostic: works with Bitcoin, Litecoin, Kaspa, etc., via Rosen bridge and Ergo contracts. • Local stratum client reduces latency & eliminates stale shares. • Self-chosen difficulty: miners balance consistent payouts vs higher risk/reward. • Testnet launching early November 2025 — initially supporting WriggleMiner & NBMiner. ⸻ 🏷️ Hashtags #Ergo #Lithos #ProofOfWork #Mining #DeFi #Blockchain #Crypto #UTXO #NISP #ErgoMeetup #Decentralization #SmartContracts #RosenBridge