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Author Topic: Until now, I have always wondered why more of new blockchains are choosing PoS  (Read 4098 times)

Offline EvelynKing

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Until now, I have always wondered why more of new blockchains are choosing PoS over PoW. After a little research on the internet and reading articles about Proof-of-stake, I came to know that PoS consumes much less energy as compared to PoW, because of its stake-based mining phenomenon. Since I have recently invested in Titan coin, which uses hybrid PoS consensus, I am trying to learn more about this mining mechanism. What all you have to say about it?

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Offline Payme21

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Its great that ure learning a thing or two about mining. Just as you rightly said, proof of work us damn expensive especially relating it with energy consumption

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Offline pelana vreo

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Ethereum zero also uses PoS and many other projects, masternode is an option for investors who want to get a return by buying more coins, without having to buy a lot of mining equipment.
This will save more electricity, because as we know mining requires large energy consumption to run all equipment for 24 hours

 

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