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Isn't this basically the case with github now? i.e all the cryptos have their code public on github so if I wanted to start mining, I'd have to go there to get
by jwblackwell 6y ago
Isn't this basically the case with github now? i.e all the cryptos have their code public on github so if I wanted to start mining, I'd have to go there to get the code
- aeternum 6y agoWith Bitcoin, there are quite a few completely independent clients available: https://en.bitcoin.it/wiki/Clients https://en.bitcoin.it/wiki/Clients, but the beauty of proof-of-work is that you do not need to trust any of them. With proof-of-work chains, one can download the blockchain even without a client and write a simple program/script to calculate the total work (hashes) embedded in the chain. This provides a completely independent measure of trust. With PoS, you must assume you can trust the client or root of the blockchain, which really kills the primary use-case of a decentralized currency.