As I understand it, the benefit of PoET is that it doesn't require the massive waste of electricity that PoW does.
What I find ridiculous is that they have roughly the same security properties as a timestamping server set up by Intel. Creating a blockchain that depends entirely on one trusted party seems pointless.
What I find ridiculous is that they have roughly the same security properties as a timestamping server set up by Intel. Creating a blockchain that depends entirely on one trusted party seems pointless.