Proof of Stake only shines compared to Proof of Work. There’s no consensus algorithm that isn’t blown out of the water by conventional database tech performance-wise and there never will be because of the network character of blockchain tech.
Token-bros (I refuse to give you the term “crypto”, it stands for cryptography) ignore this, maybe even rightly so, since the benchmark cannot be conventional tech if you’re trying to implement trustlessness (the DB would be controlled by some entity like a bank) but since there is no trustlessness (trust the network, the devs, the exchange for real money, etc), it’s a baseless idea.
Proof of Stake only shines compared to Proof of Work. There’s no consensus algorithm that isn’t blown out of the water by conventional database tech performance-wise and there never will be because of the network character of blockchain tech.
Why do you use Lemmy, which is far less efficient than a centralized system, because of its network character?
Proof of Stake only shines compared to Proof of Work. There’s no consensus algorithm that isn’t blown out of the water by conventional database tech performance-wise and there never will be because of the network character of blockchain tech.
Token-bros (I refuse to give you the term “crypto”, it stands for cryptography) ignore this, maybe even rightly so, since the benchmark cannot be conventional tech if you’re trying to implement trustlessness (the DB would be controlled by some entity like a bank) but since there is no trustlessness (trust the network, the devs, the exchange for real money, etc), it’s a baseless idea.
Why do you use Lemmy, which is far less efficient than a centralized system, because of its network character?