Difficulty Adjustment
The Polycash blockchain calculates difficulty differently from other
blockchains. Instead of a global difficulty that changes based on
the network's hashrate, Polycash calculates a different difficulty
for each miner that lowers the advantage of high hashrates.
Advantages
Low energy usage
In Proof of Work blockchains, energy usage is a large issue. Because
miners gain revenue directly proportional to their hash rate, they
are incentivized to start very large mining operations, which use
large amounts of energy. First of all, this high energy usage
increases the barrier to entry for mining due to high energy costs.
It also negatively impacts the environment and increases energy
prices. But in Polycash, things are different. Miners don't need to
use immense amounts of energy to be profitable; there is an optimum
amount of computing power to gain the most profit. This lets new
miners use less energy and resources to join and participate in the
network, lowering energy usage of the blockchain by a huge amount.
Decentralizaion
In many other blockchains, centralization occurs when nodes combine
their computing power into pools. When these pools control large
portions of the network, its decentralization and security
decreases, and it becomes more and more reliant on trust. For
example, based on the last 6 months of data, only 2 mining pools,
Foundry USA and AntPool, control over 50% of the hashrate in
Bitcoin's network. In the Polycash blockchain, however, difficulty
adjustment keeps these pools in check, ensuring that independent,
smaller miners can have a share in the network's security.