You are viewing a single comment's thread from:

RE: Bitcoin mining will exist only if the Bitcoin price goes up!

in #bitcoin7 years ago

Blockchain will not exist correcty withour miners(or 'transaction processors'). Although It seems to be possible. Instread of proof of work there is a chance of using Proof of Stake as an alternative. In that case, we don't need 'miners' to solve a cryptographic tasks. The main tasks for Miners is to check if all is good with Blockchain. I know that we have "audiotors" as well but Miners are mainly important because their purpose is to: provide a decentralized mechanism for determining which version of history to accept

Coin Marketplace

STEEM 0.23
TRX 0.26
JST 0.040
BTC 98066.67
ETH 3492.90
USDT 1.00
SBD 3.26