[2018-05-29] Cryptocurrency Mining Shifting Away from Energy-Intensive Proof of

[Vladdirescu87]

Cryptocurrency Mining Shifting Away from Energy-Intensive Proof of Work

As the popularity of Bitcoin grows, the sustainability of traditional Bitcoin mining is questioned due to its exorbitant energy consumption.

The Digiconomist’s Bitcoin Energy Consumption Index Chart ( https://digiconomist.net/bitcoin-energy-consumption) reflects exactly how much Bitcoin’s current approximate annual electricity consumption is and that it’s rising at an unprecedented rate.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/mining-shifting-away-from-proof-of-work/

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The Future of Bitcoin Mining Won’t Involve Unsustainable Energy Consumption for Casper, Part 2

Casper vs Byzantine fault tolerance (BFT) Based on Proof of Stake.

Casper includes new features that the Byzantine fault-tolerant BFT protocol may not support. It’s actually a combination of Proof of Work (PoW) and Proof of Stake (PoS), a hybrid that will hopefully solve the problematic issues that Proof of Work and Proof of Stake have when used alone.

The new features that Casper displays are; Accountability; Dynamic validators; Defenses; and Modular overlay.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/future-of-bitcoin-mining-involve-unsustainable-energy/