Post
Topic
Board Bitcoin Discussion
Re: Bitcoin ready to migrate from PoW to PoS?
by
smyslov
on 21/08/2020, 12:45:10 UTC
According to various rumors, Bitcoin is closely following Ethereum's results. And this is because the second largest cryptocurrency after bitcoin a couple of months ago migrated its mining algorithm to PoS, several experts say that Bitcoin will also do so in the very short future. And this is basically due to the fact that because bitcoin is becoming more and more popular, the algorithm used by Bitcoin PoW generates many expenses for its extraction, ranging from large electrical expenses to high cost in mining equipment.

What do you think, algorithm migration is a solution for the high consumption of the PoW algorithm or not?

Do you have a source of this rumors, this is the first time I read something like this, if there is a switch it is not Bitcoin it is a a coin that just claimed to be Bitcoin or another fork of Bitcoin, there's a big distraction if this happen.
We are ok with Bitcoin right now I think you are just creating misinformation or FUDS because there will be no such thing.