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PoW is what makes Blockchains of BTC truly permissionless and decentralized. It's a solution to the 51% attack. Yes PoW is resource hungry and expensive but it'
by yashg 5y ago
PoW is what makes Blockchains of BTC truly permissionless and decentralized. It's a solution to the 51% attack. Yes PoW is resource hungry and expensive but it's a feature not a bug.
If we remove PoW to reduce cost and stop wasting energy, it just makes it another centralized system. PoS or FPoS is centralization in the hands of a few whale coin holders.
Many other VC backed blockchains like Solana are not even decentralized. And to talk about enterprise blockchain like Corda or Hyperleger, I don't know if it's even correct to call them blockchain.
- baby 5y agoYour comment makes no sense technically. PoW is not a solution to the 51% attack, 51% attack is an attack on PoW. Furthermore your analysis of PoS makes no sense as well. I guess you have a lot of BTC?