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The article DOES specify that they don't know: > Rutter said the initial focus would be to agree on an underlying architecture, but it had not yet been decided
by toomim 11y ago
The article DOES specify that they don't know:
> Rutter said the initial focus would be to agree on an underlying architecture, but it had not yet been decided whether that would be underpinned by bitcoin’s blockchain or another one, such as one being built by Ethereum, which offers more features than the original bitcoin technology.
If you're curious, look at Ethereum. It's a blockchain without the Bitcoin network backing it.
- giancarlostoro 11y agoWouldn't the other bitcoin forks be examples? I wouldn't imagine they're part of the exact same network?
- Obi_Juan_Kenobi 11y agoEthereum is a good example because it's proof of stake vs. proof of work. Other proof of work blockchains (e.g. Litecoin and Dogecoin) are very similar to Bitcoin. Proof of stake makes a lot of sense for these organizations if they want to run their own blockchain.
- tromp 11y agoIt's definitely proof of work (ethash), although the plan is to transition to proof of stake in the future. Their most recent blog entry on this: https://blog.ethereum.org/2015/08/01/introducing-casper-friendly-ghost/ https://blog.ethereum.org/2015/08/01/introducing-casper-frie...