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RE: Famous Economist Explains: Proof-of-Stake Tokens are Money, Bitcoin Isn't

in #steem7 years ago

This is an awesome perspective to hear. I'm a student who will be doing a year long research project, part of which will be on developing my own protocol to replace proof-of-work for our use case. During this time of planning, I've had to delve into a lot of research, where I've personally found that I am quite fond of proof-of-stake. It uses substantially less energy, simplifies the system, and allows for some new functionality that wasn't possible before. The system I'm designing for my research is a protocol that will be based on proof-of-stake in certain ways.

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Sounds interesting, Cardano has an interesting implementation as well if you haven't checked that out

I honestly wasn't aware of Cardano, but now that you said it I noticed it now had the 9th biggest market cap, wow. It sounds really interesting, I like how their website claims they have a research driven approach. I'm gonna read their whitepaper, thanks for the info!

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