2 ms·
0.0000001% of the power runs a slow append only database. 99.99999999% runs a security system for it.
by api 9y ago
0.0000001% of the power runs a slow append only database. 99.99999999% runs a security system for it.
- bhouston 9y agoThat is just waiting for some type of disruption. Not that I can predict what that disruption would be but things this inefficient can not be an optimal end state for this type of technology.
- sp332 9y agoIt's true, work on other systems like proof-of-stake instead of proof-of-work are in active development. It might be too hard to backport to bitcoin specifically, but other cryptocurrencies don't have to be this bad in the future.
- api 9y agoBitcoin was the first practical secure distributed ledger and cryptocurrency. The first of something is never the most efficient or capable. I'm sure there are better ways.