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was suspicious it was a puff piece and then this impressive claim was levied. the blockchain technology driving it has been proven to work flawlessly and to be
by wolfram74 10y ago
was suspicious it was a puff piece and then this impressive claim was levied. the blockchain technology driving it has been proven to work flawlessly and to be completely safe from fraud Proof of stake though, vs proof of work, first time I'm hearing about that.
Also apparently this is a dry run only, none of the transactions are actually being carried out so I wonder when they'll solve the problem of exchanging their ecochain coins into some other currency.
- 20yrs_no_equity 10y agoYeah, this is a puff piece written by someone who clearly doesn't understand how this technology works. Proof of Stake, AFAIK has never been tried in a cryptocurrency of any significant value (over $1B). Closest is ethereum which is still on Proof of Work.
- reddytowns 10y ago$1 billion? That's an awfully high cut off since there aren't any cryptocurrencies in general that meet that requirement besides bitcoin.
- 20yrs_no_equity 10y agoI could have set the bar at $150M with the same result. For a currency market cap, $1B is super tiny.
- reddytowns 10y agoI noticed how you left out crypto in "currency market cap" and just threw all currencies, crypto or not, in one basket. Cryptocurrency is in its infancy. Proof of stake has had a lot of success and a lot of new currencies have and continue to adopt it. What more evidence could you realistically expect to show the viability of proof of stake?