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Regarding your second sentence: Fe runs on Ethereum, which uses proof-of-stake. Its total energy consumption is comparable to a hundred average American househo
by DennisP 4y ago
Regarding your second sentence: Fe runs on Ethereum, which uses proof-of-stake. Its total energy consumption is comparable to a hundred average American households.
https://decrypt.co/109848/ethereum-energy-carbon-footprint-down-99-percent-merge https://decrypt.co/109848/ethereum-energy-carbon-footprint-d...
- jchw 4y agoI do agree that proof of stake is a genuine improvement on the cryptocurrency concept, but I think it's fair to hold off on calling the problem solved: Bitcoin and other popular networks are not really any closer to adopting it, and there still remains some skepticism about potential failure modes. Proof of work is a bruteforce solution, but it's quite proven and the failure modes are pretty straightforward. Proof of stake seems to work but it's a bit of an ouroboros.