Re:Proof of stake is incapable of producing a consensus
by simondotau on Sunday November 28, 2021 @09:09AM
(#29368993)
A single percentage problem today. In order to become a mainstream everyday currency, use of Bitcoin will have to increase by three, four, possibly five orders of magnitude.
[ Parent
| on HN ]
Re:Proof of stake is incapable of producing a consensus
by leishman on Sunday November 28, 2021 @11:04AM
(#29369939)
Bitcoin’s energy consumption is completely unrelated to how many transactions it can process.
Re:Proof of stake is incapable of producing a consensus
by simondotau on Monday November 29, 2021 @09:57PM
(#29388397)
False. It's not linear, it's not directly related, but it's certainly not unrelated. As reliance on a blockchain increases, as it becomes normalised in our daily lives, the number of entities motivated to be part of the blockchain increases. As the number of entities increases, the number of compute cycles per transaction increases.