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> There is no major cryptocurrency using anything other than PoW 7 of the 10 largest chains use PoS.
by dcolkitt 5y ago
> There is no major cryptocurrency using anything other than PoW
7 of the 10 largest chains use PoS.
- ac29 5y agoBy volume traded per day, there really are only two major cryptocurrency chains: Bitcoin and Ethereum. Both are PoW. As near as I can tell, the 3rd largest blockchain by volume is XRP and its an order of magnitude smaller than BTC or ETH. Volume traded is admittedly an imperfect measure of activity, but its better than market cap.
- dcolkitt 5y agoSolana and Avalanche both process more transaction activity than Ethereum (and way more than Bitcoin). And that’s not “fake activity” by any means. Both chains run essentially the same DeFi and NFT activity as Ethereum.