In an earlier post you write:
This is why we think there is so much potential lurking in “Soft Consensus.” Soft Consensus is code that is stored on a distributed ledger like Steem, but is not executed by the network (“on-chain”). This decentralizes the code by enabling anyone to verify that it is being executed properly, without the extremely high cost of executing that code on-chain.
So, Soft Consensus is just storing the code to be executed on an immutable ledger and nothing else?
For this kind of thing, Soft Consensus sounds ok. The ease of verifying whether the code is executed properly would vary a lot depending on the code unlike when the code was run in a decentralized manner instruction by instruction on chain like on Ethereum's virtual engine. Shouldn't the cost of running a smart contract on chain be a lot smaller on a DPoS chain than on a PoW chain? What if it was done only by dedicated nodes?