Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: CREIT on May 19, 2021, 09:41:14 AM
-
The consensus of Proof-of-Work (POW) architecture is used in the Ethereum platform, so that speed of the transactions can be accelerated. Under favourable conditions, it has the potential to compute thousands of transactions per second. All these features and functionalities have impressed us, therefore, the CRIET platform has embraced it, and its users can sit back and enjoy its compliance on several other exchanges. Moreover, users of this token can easily track all their transactions and wallet status.
-
Bitcoin also uses Proof-Of-Work and it is basically what's responsible for all the carbon/power usage people seem to have lots of problems with. Proof of work requires mining which requires lots of power consumption and really isn't good for our planet. That's exactly why Ethereum is going to be Proof-Of-Stake before too long, and in my opinion that will be much better!