Jack Dorsey, the CEO of Twitter and Square Investment is a well-known Bitcoin proponent, and he has made his stance clear on the Bitcoin network’s environmental impact debate claiming the top cryptocurrency is environmentally friendly as it promotes sustainability with the use of clean green energy. The Bitcoin network energy consumption debate also led to many call out the use of Proof-of-work(PoW) mining consensus that to many outsiders doesn’t give any output for the high amount of electricity consumes apart from solving computational puzzles. Many have also advocated for the use of Proof-of-Stake (PoS) as it apparently consumes 90% less energy.
Dorsey claimed even though PoS comparatively uses less energy it is highly centralized and offers less security when compared to PoW. While many claim that PoW doesn’t have any visible output, they often forget Bitcoin network’s security comes from miners looking to find the next block.
less security, more centralization
— jack (@
Źródło: https://coingape.com/jack-dorsey-claims-proof-of-stake-pos-less-secure-and-more-centralized/
