Post
Topic
Board Bitcoin Discussion
Re: PoW vs PoS
by
bitgolden
on 26/10/2021, 18:16:40 UTC
if POS consumes less energy, then wouldn't it be a good idea for Bitcoin to transition to a POS algorithm?
In my understanding Mr.Satoshi Nakamotto developed only POW and all other algorithms are derived version of Satoshi's idea and not proven against mass transactions and double spending. So, I guess that we cannot expect bitcoin to be adopting a new algorithm for any reasons. Personally I have good opinion on POS algorithm as all the money required for mining are not moving away from the ecosystem but being spent within ecosystem which will definitely get more value for a coin.