
Cryptocurrency, Energy, and Proof-of-Stake
·9 mins
New to cryptocurrency? Check this out for a quick primer. One of the giant debates, often a significant source of criticism, is Bitcoin’s energy efficiency (or lack thereof). This criticism may also be expanded to any other currency, or blockchain backed technology that leverages proof-of-work as a consensus mechanism. Innovation is inherent in technology. New ideas, methods, and optimizations come along to take something, add new features, and make it more efficient. One such optimization is proof-of-stake which brings a greener look to consensus. How much can it help?
