Current algorithms of reaching consensus (Proof-of-Work, Proof-of-Stake) separate society. They give advantages to some people but deprive others of them. These mechanisms were probably relevant at the dawn of the formation of blockchain. But at the moment mining farms deprive people of equal opportunities to obtain cryptocurrency, tokens and assets. There is no healthy competition, ordinary users have no access to issue cryptocurrency.
Current competition - competition in computational powers,- is not beneficial for people and the world. Just consumption of electricity. Although computational power itself can benefit people and science.
What do you think about it? Is it good for community and other people?
Topic: Do current algorithms of reaching consensus (PoW, PoS) separate the society? (Read 235 times)
June 29, 2017, 07:02:23 AM
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