Re:Cryptocurrencies’ Carbon Footprint Underestimated
by spinny on Tuesday October 05, 2021 @05:10PM
(#28765674)
People think PoS is "the future" of crypto, but don't understand that you have to lock something of value in the network worth staking.
A PoS crypto only works if there is an initial pre-sale (many of the ICO cryptos), or starting with a PoW period (like Ethereum did, there was also an ICO) and then moving to PoS.
Without one (or both) of the above the tokens at stake are worth nothing
A PoS crypto only works if there is an initial pre-sale (many of the ICO cryptos), or starting with a PoW period (like Ethereum did, there was also an ICO) and then moving to PoS.
Without one (or both) of the above the tokens at stake are worth nothing