RE: Consensus algorithms: PoW & PoS
Great post dear @jadams2k18, I must confess that you made me feel like in a classroom, very well taken this lesson. I have read here today things that I did not particularly know honestly.
Sometimes I wonder if the rise of crypto-mining in my country has contributed to the electrical problem we have had for some years.
Nothing that we can check maybe, but it is logical what you write taking into account the rise of cryptocurrencies in our country and the alternative they represent for many Venezuelans.
Obviously, the high energy and the excess of calculation that has PoW, is the main feature and at the same time main the difference with respect to the PoS mechanism.
Wooo, it is a big difference this energy consumption a real problem for some countries, I imagine the stres of those who do this work in Venezuela these days of so many failures.
The control of the blockchain would have the miners' manufacturers, generally, this happens where the electricity is cheaper. There would be more miners in these places than in others.
Venezuela becomes an ideal land for this type of activity to be a country where people do not pay for electric power, logically today we live consequences, perhaps because of that.
I liked this publication a lot, every time I learn more about this. Thanks for sharing.
YOU DO IT VERY WELL! Beware of electrical faults hahaha.
Pr EV
Hello my fellow @fucho80
I'm glad you enjoyed my post.
Thank you very much!
But I'm learning to cope with this situation. When the light goes out, there is only silence that often we do not appreciate. Life as we know it, hurried and agitated, seems to stop. Which gives us time to meditate and take time for ourselves. Sometimes I find myself anxious that the electricity goes out. Call me crazy! hehehe