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It's interesting that now that there are proof-of-stake cryptocurrencies the "cryptocurrencies are polluting the planet" is now becoming "Bitcoin is polluting t
by TacticalCoder 5y ago
It's interesting that now that there are proof-of-stake cryptocurrencies the "cryptocurrencies are polluting the planet" is now becoming "Bitcoin is polluting the planet".
What I'm wondering is if Bitcoin itself could one day switch to proof-of-stake? Is this something the Bitcoin community may consider if proof-of-stakes turns out to work and be secure?
Is this something that is even remotely possible?
- wyager 5y agoWe already know proof of stake has weaker security properties than proof of work, such as its vulnerability to “grinding” attacks.
- ajkdhcb2 5y agoThere is strong consensus among bitcoin developers that PoS is inherently inappropriate and insecure.
- fleddr 5y agoNot a chance. Bitcoin proponents see Proof of Work as essential for security and the highest degree of decentralization.