He did give you the phrases “proof of work” vs “proof of stake”? There is a portion of the crypto community that is trying to work on this by lowering the energy required.
The “proof of work” model that Bitcoin uses is the one that is hugely wasteful, having participants do the same work at the same time in parallel as competition. That gobbles up processing time.
The “proof of stake” model, that communities like Cardano use, designed their model specifically to lower energy uses.
The details are not my area of specialty, but if you didn’t have these terms, hopefully they’ll now save you research time. I learned about this because I helped build a governance model for the Cardano community while working with Sociocracy pioneer John Buck.
He did give you the phrases “proof of work” vs “proof of stake”? There is a portion of the crypto community that is trying to work on this by lowering the energy required.
The “proof of work” model that Bitcoin uses is the one that is hugely wasteful, having participants do the same work at the same time in parallel as competition. That gobbles up processing time.
The “proof of stake” model, that communities like Cardano use, designed their model specifically to lower energy uses.
The details are not my area of specialty, but if you didn’t have these terms, hopefully they’ll now save you research time. I learned about this because I helped build a governance model for the Cardano community while working with Sociocracy pioneer John Buck.
Very interesting thanks for explaining I’m just dipping my toe into this because they spent so much money in the primaries
Thank you for diving in! It’s very helpful to hear your explanations. We need more visibility!