Proof Of Work Vs. Proof Of Stake: Why Bitcoin Won’t Change



Bitcoin’s consensus mechanism, proof of work (PoW), tends to bring about divisive opinions in society. While some argue it is a core aspect of Bitcoin’s success, others claim the network would retain most of its properties while reaping new benefits if it switched to alternative consensus mechanisms such as proof of stake (PoS).

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This discussion was brought to the fore this week as two diametrically-opposed events happened nearly simultaneously: The World Economic Forum’s (WEF’s) annual meeting in Davos, Switzerland, and the Oslo Freedom Forum (OFF) in Oslo, Norway.




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