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Proof of work will not succeed in the long run. I think we'll be moving to a proof of stake currency instead. Examples are peercoin and Nxt.
by wesley 13y ago
Proof of work will not succeed in the long run. I think we'll be moving to a proof of stake currency instead.
Examples are peercoin and Nxt.
- andreasklinger 13y agoCould you briefly explain/outline proof-of-stake in a nutshell ? I read the wikipedia page but i am not 100% i really understood it correctly.
- glomph 13y agoProof of stake systems have not solved the distributed consensus problem. Peercoin is centralised and Nxt doesn't solve the problem.