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A proof-of-stake system (see PeerCoin) might be nicer than encouraging Bitcoin-style proof-of-work mining throughout the network. Possibly it could even be run
by jccooper 13y ago
A proof-of-stake system (see PeerCoin) might be nicer than encouraging Bitcoin-style proof-of-work mining throughout the network. Possibly it could even be run on simple nodes, as it doesn't require gobs of processing power.
- goodside 13y agoBitcoin only requires extreme processing power if you're trying mine blocks. For a node that just wants to issue and monitor transactions, there's no resource advantage to using Peercoin or other proof-of-stake coins.