Post
Topic
Board Development & Technical Discussion
Re: Proof of Stake Bitcoin?
by
stripykitteh
on 30/07/2017, 00:36:20 UTC
DO you guys ever think that bitcoin will do proof of stake? Just wanted to get some peoples insights on this.
No.

Unless there was an update through Bitcoins final development there wouldn’t be any PoS implemented into Bitcoin because there’s already altcoins that feature that concept. There wouldn’t be any point for Bitcoin to get a PoS coded into it because Bitcoin is already capped at 21 million coins.

Plus, if there was a PoS code placed into Bitcoin then the transactions within Bitcoin’s Blockchain would be cluttered because there isn’t that many miners that can keep up with the competitive mining difficulty that Bitcoin has.

If you are spending 0.0001 Bitcoin for transactions you would have to spend much more to get your transactions confirmed.