2 ms·
There are cryptocurrencies that do not need more power than any other kind of computing because they do not rely on proof-of-work. Proof of work is a waste at a
by Zigurd 5y ago
There are cryptocurrencies that do not need more power than any other kind of computing because they do not rely on proof-of-work. Proof of work is a waste at any price. Better to use low cost renewable power for synfuels for aviation or other high value applications.
- danuker 5y agoOne point of proof-of-work is to allow chain continuity in the event of a network split. You can easily tell which chain has the most work sacrificed, but if a netsplit occurs with a proof-of-stake protocol, it is vulnerable to a Sybil attack hijacking consensus with, say, a botnet.