2018-7-6 09:51 |
In short, PoWx advocates bitcoin adopt a new technology it calls “optical” proof-of-work, which uses a more energy-efficient laser technology as the cornerstone of mining.
Not to mention, the developers behind PoWx are the latest to point to one mining firm, Bitmain, and its influence on the network as a major issue.
Though exact numbers are cloudy, estimates say the company is manufacturing between 50 and 80 percent of bitcoin’s mining hardware.
Against this backdrop, the idea of swapping bitcoin’s mining algorithm has been around for some time, mostly flaring up in times of perceived crisis.
Dubrovsky told CoinDesk:
“I think PoW consensus is the most important innovation in bitcoin, and bitcoin is an incredibly important innovation in personal freedom and property rights.”
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