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RE: The Battle of Our Times - PoW vs. PoS

in #cryptocurrency6 years ago (edited)

I was directed to this post by @crypto.piotr, then I got here and Im impressed, really. This is a wonderful article well put together, informative also.

On the other side, skeptics of PoW almost always point out the energy consumption problem going as far as proclaiming that if not kept in check, bitcoin mining operations could lead to an acceleration of the already threatening

Yes the world is concerned the consumption of energy through mining of bitcoin, hence it is a debate which protocol really fits well for blockchain technology.

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There's new debate as well about using green energy for PoW. From recent data, it shows we are still at least 30-35 years away at minimum from being more dependent on renewable energy than fossil fuels.

PoW consumption issues aren't going anywhere for a while. That's one of the reasons we like IOTA; simple and lightweight PoW hashing

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Thank you for dropping by and your comment @kryptarion :)

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