2 ms·
I'm also curious about this but don't really understand this explanation. Can you elaborate more on what "uncloneability of digital assets" means exactly and w
by dom96 5y ago
I'm also curious about this but don't really understand this explanation.
Can you elaborate more on what "uncloneability of digital assets" means exactly and why it's a pre-requisite of proof-of-stake? Happy to take some links if there are any that explains this well.
- svennek 5y agoAll kind of trade depends on value and value depends (mostly) on scarcity. In the real world cloning money (historically precious metals) is really really hard (and btw. much easier with paper money that the metals that have a basket of physical attributes that cannot be emulated at once). Digital bits on the other hand are indefenately cloneable (by design, that is one of the base properties of "digital"). Just for you to see my text here, along the way somewhere around 20 perfect copies were made by various routers (i.e. computers)..