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Don't all the chains need their own currency? I was under the impression that both proof of stake and proof of work required that there was some form of native
by SimbaOnSteroids 9y ago
Don't all the chains need their own currency? I was under the impression that both proof of stake and proof of work required that there was some form of native currency so that there was some incentive to secure the network.
- brndnmtthws 9y agoNot necessarily. There are also some coins which use methods of securing the network which don't require incentives (ex: RaiBlocks).
- SimbaOnSteroids 9y agoThen how does RaiBlocks plan on paying the bills of running a node.
- brndnmtthws 9y agoI suggest you read the white paper if you're interested: https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pdf https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pd...
- Donzo 9y agoThe proposition is that free, instant transfers are so awesome that people will voluntarily run nodes. I like Raiblocks. It really functions the way that people want Bitcoin to function (free, instant, complete [no dust] transfers).