Cryptocurrency

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reddensoft

Banned-Spam

Oct 7, 2022

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• Dec 27, 2022

• #1

The proof of stake model can allow block transactions based on a number of staked Cryptocurrency coins. This reduces the need to rely on more power to carry out more environmentally friendly transactions.

 

Cypherpunk Zero #4027

Regular Member

Aug 28, 2022

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• Dec 27, 2022

• #2

Ok ...

 

HustleTong

Elite Member

May 30, 2019

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• Dec 27, 2022

• #3

Appreciate your effort in copy-pasting this valuable information

 

Gogol

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Sep 10, 2010

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• Dec 27, 2022

• #4

reddensoft said:

The proof of stake model can allow block transactions based on a number of staked Cryptocurrency coins. This reduces the need to rely on more power to carry out more environmentally friendly transactions.

Click to expand...

Ok. Why does it reduce the power consumption? Why is proof of work needed to begin with? How does a proof of stake blockchain work vs proof of work?

 

M0805

Supreme Member

Mar 6, 2021

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• Dec 27, 2022

• #5

And...

 

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seomaster5

Elite Member

Oct 31, 2021

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• Dec 28, 2022

• #6

So what you want to convey here ?

 

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luck_1

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Sep 28, 2022

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• Dec 28, 2022

• #7

Thanks for the information lollll

 

mojojojoy

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Jul 22, 2016

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• Jun 12, 2023

• #8

I'm hoping a continuation

 

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jasonforrest

Regular Member

Jun 30, 2014

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• Jun 13, 2023

• #9

reddensoft said:

The proof of stake model can allow block transactions based on a number of staked Cryptocurrency coins. This reduces the need to rely on more power to carry out more environmentally friendly transactions.

Click to expand...

downside to Proof-of-Stake is they're all centralized, similar to traditional finance.