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>should find a way to address the energy consumption of Bitcoin Proof of work is the core of bitcoin; it has a built-in deflation on top it. In short it won't
by xxs 5y ago
>should find a way to address the energy consumption of Bitcoin
Proof of work is the core of bitcoin; it has a built-in deflation on top it. In short it won't happen. And yes, if someone mentions proof of stake, there is still no working case for it.
- erwincoumans 5y agoIsn't Ethereum using proof-of-stake since a recent update? (I'm not an expert in this though)
- DennisP 5y agoIt's running a proof-of-stake network in parallel to the main chain, which is still running proof-of-work. The proof-of-stake network has been running for a bit over a year and has $30 billion in ETH deposited. Code for merging the two networks and eliminating mining is on a public test net right now. Previous upgrades have gone live within a year of the launch of their public test nets.
- ziml77 5y ago> Previous upgrades have gone live within a year of the launch of their public test nets. I didn't know that, but it helps with my hope that PoS will become the default. People bringing up how long they've been trying to switch had been hurting my confidence.
- krzyk 5y agoMight use it in June, unless they push it further (like they did previously).