3 ms·
Bitcoin currently consumes roughly the energy used to power one quarter of CANADA. I'm optimistic that there is a better way to store a ledger as you describe.
by astalwick 6y ago
Bitcoin currently consumes roughly the energy used to power one quarter of CANADA.
I'm optimistic that there is a better way to store a ledger as you describe. Perhaps a database?
- tromp 6y agoNot better in terms of Bitcoin's goals of decentralization and censorship resistance...
- astalwick 6y agoWe've decided to solve that problem by consuming very nearly the entire residential power consumption of Canada, a country of 38 million people. We've done this with a network that can process 400k transactions per day (at $20/transaction in fees), as compared to visa, which does 150 million per day. Surely, we can do better?
- ryani 6y agoYou're a software developer, so if you really believe that, get to hacking. It's clearly an industry with huge potential if it is economically viable to spend money buying an Argentina's worth of power on it.