Amidst reports of Bitcoin’s Hash Power growing at a steady pace, Alex Petrov, the Chief Information Officer of Bitfury, in a panel at Magical Crypto Conference earlier this May, said that Bitcoin hash rate was growing because it was a “natural protection barrier” to shield the market cap cost of the Bitcoin blockchain.
The CIO of the leading blockchain company further said that this was usually so in the case of Proof-of -Work-based digital coins. According to Petrov, PoW should be proportional to the market cap of the coin, ie, PoW should “grow” with the increasing market cap.
https://ambcrypto.com/bitfurys-cio-asserts-pow-should-grow-with-increase-in-market-cap/
