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Woodcoin: The First Physical Crypto Currency
- slwvx 1y agoLooks to me like proof-of-authority [1] [2]. I think this is effectively what USDC and many proposed CBDCs use. I am all for sustainability but I think the use of "wood" here is at best a distraction or a misunderstanding of how a blockchain prevents double-spending. Looks to me like Woodcoin should be ignored. [1] https://ethereum.org/en/developers/docs/consensus-mechanisms/poa/ https://ethereum.org/en/developers/docs/consensus-mechanisms... [2] https://econmentor.com/CBDC-Central-Bank-Digital-Currency-i-poa-proof-of-authority-aif01truaw/ https://econmentor.com/CBDC-Central-Bank-Digital-Currency-i-...