Meni mentioned Proof of Stake as a possible way to augment Proof of Work as the underlying mechanism powering Bitcoin confirmations.
Is it viable? What are its downsides? Who has analyzed it? (I don't see a lot of people on this thread)
Meni mentioned Proof of Stake as a possible way to augment Proof of Work as the underlying mechanism powering Bitcoin confirmations.
Is it viable? What are its downsides? Who has analyzed it? (I don't see a lot of people on this thread)
This answer might be enough to make proof-of-stake not needed.