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I understand that proof of stake requires an incredible amount of storage. This will make it a steep buy in. It will also raise production of SSDs and drives. H
by nashashmi 5y ago
I understand that proof of stake requires an incredible amount of storage. This will make it a steep buy in. It will also raise production of SSDs and drives. How will this shift technically drive technology?
- erjiang 5y agoYou may be thinking of proof-of-SPACE cryptocurrency, where the more hard drive space you dedicate, the more rewards you get. Proof of STAKE is where you dedicate your cryptocurrency and are rewarded based on that. Since owning cryptocurrency doesn't take any physical resource, the only expenditure is keeping your staking node (a computer) online so that it can participate in validation.