4 ms·
No, the amount of energy needed will always be enormous as their is a direct linkage between the value of bitcoin and the amount of energy required to secure th
by Marazan 9y ago
No, the amount of energy needed will always be enormous as their is a direct linkage between the value of bitcoin and the amount of energy required to secure the network.
Otherwise there will be a point where it is cost effective to attack the network.
Bitcoin is designed to be wasteful.
- EdSharkey 9y agoI guess I was asking for a hypothetical, new crypto coin. Does proof-of-work have to be costly compute-wise in order to be proof-of-worky?
- lordnacho 9y agoYes. Think about what it is. "I'm working on these hashes. You know I'm not taking a shortcut, because there's not yet a known way to do that with this secure hash. And because you know I'm doing the work, you should reward me with some coins." Alternatives have been considered, like proof-of-stake.