If the number of PoS coins continues to grow, then Bitcoin will be the only decentralized cryptocurrency in the world. Should I be worried? What are your thoughts about this? Your input will be greatly appreciated. Thank you.
Topic: PoW coins becoming a rarity these days - page 2. (Read 131 times)
Have you ever wondered why most altcoins turned to PoS, while only a few good-old coins are still using classical PoW consensus? As much as people want to make money by "staking" their holdings, most cryptocurrencies are becoming less-decentralized over time. There's strong criticism on Bitcoin's high level of "energy consumption" compared to other cryptocurrencies being traded on the market today. Some say the cause of PoW being a rarity these days is because they aren't "carbon-neutral". Others say that PoW is "outdated", compared to coins using PoS which are faster and cheaper to use for day-to-day transactions.
If the number of PoS coins continues to grow, then Bitcoin will be the only decentralized cryptocurrency in the world. Should I be worried? What are your thoughts about this? Your input will be greatly appreciated. Thank you.
If the number of PoS coins continues to grow, then Bitcoin will be the only decentralized cryptocurrency in the world. Should I be worried? What are your thoughts about this? Your input will be greatly appreciated. Thank you.
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