PoW or PoS - Who Will Win?
May 21, 2021•277 words
Cryptocurrency seeks to address continuously growing inflation rates that are a product of an inadequate centralized financial system. The first mover in the blockchain space was Bitcoin which was praised for being a secure ledger for transactions that could be verified through a decentralized system of nodes known as proof of work. Recently, proof of work has been criticized for its excessive energy consumption. Miners can take advantage of alternative energy sources, and they may be forced to ...
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