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No way. Other cryptocoins (ones that don't rely on PoW) never could have existed without it.
by wyldfire 9y ago
No way. Other cryptocoins (ones that don't rely on PoW) never could have existed without it.
- Fnoord 9y agoWhy not?
- wyldfire 9y agoBecause PoW enabled trustless transactions AND a provably equitable distribution of the coin via distributed minting. "I can prove that this is not a scam to waste your time and money." Other non-mined coins would never have taken off because they would never have gathered the critical confidence/interest that Bitcoin did. Only after PoW paved the way could others have any faith in DPoS or other coins.