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many of todays popular chains that are not BTC and ETH are currently using PoS, especially those interacting with web dApps and smart contracts. See Tezos for a
by mattdesl 5y ago
many of todays popular chains that are not BTC and ETH are currently using PoS, especially those interacting with web dApps and smart contracts. See Tezos for a real world example that “currently works.” ETH (the devs and community) is also heavily committed to PoS—most of the value and rewards now locked in the $33B staking contract cannot even be withdrawn before a successful merge of PoS occurs (likely some time in the next several months, but let’s wait and see).
The idea that crypto is inherently wasteful is inaccurate. PoW is extremely energy intensive, especially without L2s, but it need not be the only consensus mechanism for the future of these protocols.