Without getting into too much detail, the conversation about moving Bitcoin from proof-of-work to something else, like proof-of-stake (PoS), which doesn’t use much energy, is generally a nonstarter. Bitcoin will almost certainly never move away from proof-of-work. That isn’t obvious from the outside, so that’s exactly where Von Wong began his journey to understand bitcoin mining.
Related posts
-
Will Bitcoin Have A ‘Red Monday, Green Week’?
Bitcoin (BTC) faced a sharp price drop as the last week of Q2 began. The dramatic... -
Florida lawmaker pitches ‘Bitcoin for Taxes’ bill
A Florida lawmaker has introduced a bill that would greenlight Bitcoin as an approved payment method... -
Analysis of Long-Term ‘Diamond Hand’ Bitcoin Holders Reveals Market Insights: Glassnode
Recent data from Glassnode provides a detailed analysis of bitcoin’s long-term holders (LTH) and their impact...