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RE: What is proof-of-stake and how can you receive blockchain transaction rewards even with a low amount of coins
Dear @phgnomo
Thanks for sharing link to this post with me buddy.
Quite well explained POS (proof-of-stake).
the aim of solving the energy consumption problem of the Proof-of-work protocol of Bitcoin.
And was this problem solved? PoW seem to be as popular as it has been.
Solid read. upvote on the way :) Enjoy upcoming weekend,
Yours, Piotr
It's an alternative, but it is hard to say if it will take over pow.
Also, from what I have read, despite the slower transactions and high energy consumption, pow still seems to be more reliable in terms of network safety.