Question
The advantage of Proof-of-stake over Proof-of-work for a crypto-protocol is that It helps prevent the concentration of cryptocurrency in just a few hands. It reduces
The advantage of Proof-of-stake over Proof-of-work for a crypto-protocol is that
It helps prevent the concentration of cryptocurrency in just a few hands. | ||
It reduces the amount of computer time required to mine the cryptocurrency. | ||
It increases the ability of holders of the token to transfer their tokens at all times. | ||
It increases the use of ASICs in mining the cryptocurrency. |
Merge mining is the process by which
Two different blockchains are simultaneously mined using the same hardware. | ||
Blockchains such as Ethereum and Bitcoin communicate. | ||
Miners receive additional Bitcoins for mining coins for other networks. | ||
Ethereum software is updated to allow proof-of-stake. |
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