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
-
Bitcoin Sentiment Enters Danger Zone: Investors Now Extremely Greedy
Data shows the Bitcoin investor sentiment has entered extreme greed territory following the asset’s surge to... -
Bitcoin remains ‘niche phenomenon,’ Swiss central bank says
Despite the substantial growth of crypto prices in recent years, Switzerland remains wary of virtual currencies,... -
Block Inc. shifts focus to Bitcoin mining amid plans to sunset Web5-focused TBD
Jack Dorsey founded payments firm Block Inc. is pivoting its focus towards the cryptocurrency mining sector....