create account

RE: Is mining on the way out? by daimorris91

View this thread on: hive.blogpeakd.comecency.com

Viewing a response to: @chbartist/is-mining-on-the-way-out

· @daimorris91 ·
I understand how the Bitcoin network achieves its security through POW  mining i.e
making computers solve difficult mathematical equations, to achieve its reward while disregarding any bad players trying to cheat the system and thus making it a waste of time and money for them do attempt it.

but could someone please explain how POS and DPOS achieves this level of security? i haven't looked in to this yet, and don't quite understand it.

Also when the Anti-crypto brigade go on about how energy consuming crypto would be.... wouldn't it work out to be more energy efficient than printing, transporting and distributing all these ponzi schemed FIAT currencies around the world without mentioning the energy you would save not having to run these banks and even the petrol saved from employees not driving to the banks?
👍  
properties (23)
authordaimorris91
permlinkre-chbartist-is-mining-on-the-way-out-20180619t072611924z
categorycryptocurrency
json_metadata{"tags":["cryptocurrency"],"app":"steemit/0.1"}
created2018-06-19 07:26:15
last_update2018-06-19 07:26:15
depth1
children0
last_payout2018-06-26 07:26:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length821
author_reputation1,042,189,438
root_title"Is mining on the way out?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id61,326,200
net_rshares609,485,834
author_curate_reward""
vote details (1)