Comparison
This section compares the syndicate appraoch with the centralised an p2p solutions.
Comparison With Centralised Pools
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Diversity of block templates - Each syndicate member is free to choose set of transactions in a block, the only requirement is that the coinbase conforms to the requirements of radpool contracts.
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Transparent share accounting - miners can validate their payouts are correct.
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Miners (or anyone) can access the pool’s data by joining the syndicate’s P2P network.
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Transparent fee schedule - all miners can validate they are being charged a fair fee rate.
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Resilience - as long a threshold number of members are reachable, the syndicate will continue to make progress.
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Radpool uses PPLNS instead of FPPS which is quite popular with centralised pools despite all the drawbacks. This is also addressed by the the futures contracts that will serve the same function as FPPS.
Comparison With P2P Pools
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Zero friction to switch from centralised pools. The process is the same as changing from one centralised pool to another.
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Miners don’t need to run any servers or run any validation - unless they want to.
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No need for p2p communication between miners - scalability of the pool depends only on the ability to scale the syndicate p2p communication, which is a tractable challenge.
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No consensus required between miners on the state of shares generated.
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Block template generation is managed by syndicate members. However, anyone can join the syndicate and provide block templates, including miners themselves.