The Vrenelium Double Helix - a new consensus approach for public Blockchains
While the basic idea, to protect the Blockchain by proving that a certain amount of computation was invested to create every single block, is worth being preserved, the current implementation, using purely artificial computational tasks (hashing), with the sole goal of burning “enough” energy, is much too wasteful to be used productively and scales very badly. Proof of Meaningful Work keep the good idea, but implement it using meaningful computation tasks, so that the energy invested in the proof of the miners’ computational strength is used for calculations that support public scientific research projects (e.g. medical research for cures, chemical research, astrophysical simulations).
The graph below explains how the ratio of PoS to PoMW can be adjusted continuously according to the momentary load situation.