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Okay, so the chain of transactions that is regarded as correct is the one that has been more expensive to create. Instead of wasting energy, the same result co
by lottin 5y ago
Okay, so the chain of transactions that is regarded as correct is the one that has been more expensive to create. Instead of wasting energy, the same result could be achieved by wasting other stuff, such as bitcoins themselves, for instance?
- DennisP 5y agoSure. In fact, that's almost how Ethereum's proof-of-stake works, except it has a protocol that comes to consensus without wasting anything as long as people follow the rules, and only destroys stake when someone provably breaks the rules.
- lottin 5y agoIf this is true, PoW is simply a stupid version of PoS and should be abandoned immediately.