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Lapsecoin
A cryptocurrency secured by a VDF instead of proof-of-work
Hey, maker here. I built LapseCoin because Bitcoin's proof-of-work ties reward directly and unboundedly to hash rate, which is what pushed mining from CPUs to GPUs to ASICs and drove a huge energy bill along with it. A Verifiable Delay Function ties block production to real elapsed sequential time instead, with a much smaller hardware-advantage gap: roughly 3-10x measured on real hardware (from Chia's own 2019 competition on the same VDF construction), not the 10,000x+ gap ASICs opened up.
The approach changed a lot as I worked on it. I originally assumed a balance-weighted tie-break was needed to stop one operator running many builder addresses from gaining an unfair edge. Simulated it properly instead of assuming, and found it isn't needed: running many addresses at the same hardware tier already wins exactly proportionally, and splitting one machine's throughput across addresses is actively worse than running it as one. That's now written up in the whitepaper with the actual numbers, not just asserted.
No premine, fair launch. I'd genuinely value people trying to break the consensus mechanism more than people trying to use the coin, tell me where it's wrong.
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About Lapsecoin on Product Hunt
“A cryptocurrency secured by a VDF instead of proof-of-work”
Lapsecoin was submitted on Product Hunt and earned 2 upvotes and 1 comments, placing #158 on the daily leaderboard. LapseCoin: VDF consensus instead of PoW, FALCON-512 signatures - Vic-Nas/lapsecoin
Lapsecoin was featured in Open Source (68.8k followers), Developer Tools (518.9k followers), GitHub (41.4k followers) and Cryptocurrency (5.7k followers) on Product Hunt. Together, these topics include over 128.7k products, making this a competitive space to launch in.
Who hunted Lapsecoin?
Lapsecoin was hunted by Vic N.. A “hunter” on Product Hunt is the community member who submits a product to the platform — uploading the images, the link, and tagging the makers behind it. Hunters typically write the first comment explaining why a product is worth attention, and their followers are notified the moment they post. Around 79% of featured launches on Product Hunt are self-hunted by their makers, but a well-known hunter still acts as a signal of quality to the rest of the community. See the full all-time top hunters leaderboard to discover who is shaping the Product Hunt ecosystem.
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Vic N.