3 ms·
Electricity is the best form of energy to use as the basis for Proof of Work, because there is no pre-requisite on how to generate the required electricity. co
by fredfoobar 5y ago
Electricity is the best form of energy to use as the basis for Proof of Work, because there is no pre-requisite on how to generate the required electricity.
compare: electric cars vs ice cars, electric cars can also end up consuming "dirty" electricity from coal fired plants, but that's an option vs. ice cars.
- Reason077 5y agoCould the concept of proof-of-work be extended to prove that work was done cleanly, ie: using only renewable electricity rather than that produced from fossil fuels? Perhaps renewable electricity producers could issue some sort of signed token which is then incorporated into the blockchain as proof that renewable electricity was purchased?
- rcxdude 5y agoYou've now introduced a set of trusted entities validating something for consensus. Why bother with proof of work at that point? You only need it because you can't agree on a trusted subset of participants with the rest of the network.
- fredfoobar 5y agoIf we had a way to do this, why would we just limit it to crypto?
- runeks 5y agoA digital signature can never prove anything about the world. And this doesn’t change by putting it in a blockchain.
- paul_f 5y agoI translate PoW as Proof of Waste.
- fredfoobar 5y agoThis is a great comment paul_f, keep it up. You're adding a lot of value on HN.