2 ms·
Not all cryptocurrencies are proof-of-work, which are the ones that use lots of energy. EDIT: PoS is a dumpster fire. But PoW and PoS are not the only games
by TheDudeMan 4y ago
Not all cryptocurrencies are proof-of-work, which are the ones that use lots of energy.
EDIT: PoS is a dumpster fire. But PoW and PoS are not the only games in town.
- garren 4y agoArguably, only the ones that can really claim to be decentralized. PoS, in its different variations, seems to introduce more obvious centralization in one from or another. I’ve yet to hear a solid argument otherwise.
- mateuszf 4y agoPoS cryptocurrencies are like attaching wheels to horses. Why make alternative finance systems based on the same fact that the wealthiest entities control the policy of the network? Exactly like in the current system with central banks and governments.
- TheDudeMan 4y agoThat is not arguable. Chia's Proof of Space and Time uses Nakamoto consensus (like Bitcoin) and is even more decentralized.