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| Topic | Cryptocurrency Discussion Topic |
| Sad_Face 06/18/21 6:21:05 PM #13: | Derwood posted... Have they figured out how to do crypto without using 1.21 gigawatts or electricity yet? Long time ago. Proof of Stake is the type of distributed ledger tech that you're looking for as opposed to the Proof of Work style of the Bitcoin network. However, you're trading security and how power (authority in this sense) is distributed between the network participants. PoW, you have to actively contribute to the network to gain control. PoS, you can just buy your way in. There are people who argue that you can buy your way in with PoW as well; some mega institution or government could funnel money into buying the facilities to take control of the bitcoin network but in execution, it's considerably more difficult to execute. But here's a good article on accepting the cost of the bitcoin network. https://www.coindesk.com/the-last-word-on-bitcoins-energy-consumption --- ... Copied to Clipboard! |
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