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devise an alternative to "proof of work" blockchain ledgers. cryptocurrencies are sucking down electricity at a rate larger than many nations, and all for lite
by justaaron 8y ago
devise an alternative to "proof of work" blockchain ledgers.
cryptocurrencies are sucking down electricity at a rate larger than many nations, and all for literally doing NOTHING useful...
(majorly non eco activity...)
- y3k 8y agoThis is exactly why I stopped following the crypto news. I got interested a lot about BTC at the beginning, but then after reading reports about electricity consumption decided to not be part of that. I think the downside doesn't come from the blockchain technology as-is, but the mining part of cryptocurrency.
- piocho 8y agoAgree ! If only more people could thing like you.
- mbrock 8y agoSecure proof-of-stake is a huge topic in blockchain research! It won’t have the same characteristics as PoW—worse in some ways, better in others—but it’s not like nobody’s thinking about it.