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You can argue whatever you want, it's distributing coins to the people who secure the network.
by jki275 6y ago
You can argue whatever you want, it's distributing coins to the people who secure the network.
- haimez 6y agoSo, PoW then.
- Dylan16807 6y agoThey secure the network by showing up and participating with minimal calculation. I don't think that falls under proof of work. Even if it does, it's not the terminology that matters. What matters is that there is no reward for burning cycles.
- jki275 6y agoIt’s not POW. No need for massive amounts of processing power. Read IOHK’s Ouroboros paper or Breitman’s Tezos paper.