Topic: Can we reduce the energy consumption of POW? And whether it is necessary - page 2. (Read 204 times)
December 17, 2023, 07:41:04 AM
To be provably secure, it has to utilise 51% of matter-energy kinda like a black hole. If the energy consumption is figured out then it needs something else i.e. matter. I can't see a way out of this circle. Then there's the famous formula E=mc².
December 17, 2023, 02:18:59 AM
Bitcoin is the only project that is running PoW on a higher scale but even with that higher scale it doesn't come anywhere near in the top list that contributes to environmental damage aka climate change and whatever they claim it to be.
Reducing the hah power will give more chance for someone to get 51% of the total network then they can able to manipulate the blocks so the higher the hash rates the better the decentralization will be.
Reducing the hah power will give more chance for someone to get 51% of the total network then they can able to manipulate the blocks so the higher the hash rates the better the decentralization will be.
December 17, 2023, 01:51:40 AM
4. What methods do you think can be used to reduce the energy consumption of POW?
POS or proof of stake is already an alternative mechanism of POW in which it uses less energy and is less complex than its equivalent the problem with POS is it might not be as secure as POW
December 16, 2023, 11:32:19 AM
1. Can we reduce the energy consumption of POW?
2. Is it valuable to reduce the energy consumption of POW? What benefits will it bring besides carbon emissions and environmental protection?
3. Will reducing the energy consumption of POW reduce security and decentralization?
4. What methods do you think can be used to reduce the energy consumption of POW?
2. Is it valuable to reduce the energy consumption of POW? What benefits will it bring besides carbon emissions and environmental protection?
3. Will reducing the energy consumption of POW reduce security and decentralization?
4. What methods do you think can be used to reduce the energy consumption of POW?
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