Promether is developing cyber-security software for both businesses and consumers. We also aim to provide custom digital security solutions for enterprises based on their unique needs, helping with securing their networks/communications/files, adopting privacy-based solutions for operational needs, and much more.

We have a thorough strategy for B2B application, which will include both Contact, Promether, and any other applications built on the network in the future. We understand that often it is not the users who care about privacy and security, but the companies rendering services to them.

They are the ones under constant attacks where one misstep can mean a destroyed reputation and diminished user-base. To get customers to adopt privacy and security by default it is often smarter to not spend countless hours trying to educate them, but to make companies adopt our solutions so their clients get those features passed on as part of a standard practice.

How do you view the POS vs POW debate? and why did you choose POS?

The POS vs POW debate is a long one, in the end, one is not superior to the other with both having their benefits and drawbacks – it all depends on what kind of purpose the consensus mechanism serves. There is a difference between effectiveness and efficiency however, and the goal for Promether is to find a perfect balance. POS just offers more practicality as we want people to actually allocate their computing resources to service and provide utility to the network, not to focus on work with the sole purpose of winning the block validation lottery. We believe those resources can be put to a lot better use, which means that the network can also run with a lot lower “empty” energy consumption. Bitcoin can make POW work because the goal is to be a store of value, but if you are trying to run a performance and scalable network that focuses on speed and efficiency, POS services the needs a lot better. For dapps, PoS could mean lower gas fees as there are more transactions being made, as well as being able to harness excess computing resources to make dapps run smoother.

The centralization and rich get richer in POS argument is also not only applicable to POS, but also to POW. People think PoW is more decentralized because ownership is in constant fluctuation – when somebody owns 51% someone can always buy more computing power and force re-evaluation of ownership. In PoS, there is not much that can be done when someone owns 51%, as the percentage always represents a fraction of the total supply. However, practice has shown that while this argument is theoretically true, reality is completely different. The goal of decentralization in PoW has failed with only big players being able to compete, giant mining pools controlling large % of the entire network, etc. Entities have invested billions of dollars into ensuring their mining operations enable them to mine more coins and maintain control. All in all, POW rewards doing hard work correctly, while POS punishes doing easy work incorrectly. The outcome is similar in a lot of ways.

Could you foresee people running nodes for POW coins like Bitcoin or Monero on this? (Eijah)

Absolutely. We’re just now at the forefront of the next wave of decentralized revolution. Mesh nets require that nodes to both be lightweight and agile, hence the ability to be run on almost any platform/environment and by anyone.