Ninjastic
Home
Search
Users
Boards
Addresses
Ctrl + K
Toggle theme
Open menu
Post
Edited versions
Quotes to this post
Post
58248275
Topic
5367122
Board
Development & Technical Discussion
Re: Why is Mining Necessary?
by
tromp
on
23/10/2021, 06:42:05 UTC
Mining serves two purposes:
1) reach consensus on successive blocks of transactions
2) permissionless coin distribution
Proof-of-stake can only serve the first purpose, which is why pure PoS coins are 100% premined by the coin creators.