4 ms·
Do you have an estimate of energy used / total value secured ? If I am understanding correctly, an upper bound on "total value secured" would just be the total
by ericjang 5y ago
Do you have an estimate of energy used / total value secured ? If I am understanding correctly, an upper bound on "total value secured" would just be the total transaction volume moved in a block?
- clarkmoody 5y agoEach block secures the entire chain. The lower bound of the total value secured is market cap of the coin. In the case of Bitcoin, the upper bound is the value of the entire "crypto" ecosystem, including all tokens, companies, jobs, infrastructure, etc.