• NewDark@unilem.org
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    10 months ago

    Mining is only one strategy for concenous, but yes it is a pretty rudementary and inefficient version.

    • BolexForSoup@kbin.social
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      10 months ago

      Well it’s been over a decade and Bitcoin is still PoW, as well as nearly 50% of the entire crypto market.

      • NewDark@unilem.org
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        10 months ago

        Bitcoin is more religion and cult than anything. Of course they think it’s great or at least able to hand wave criticisms.

        And yeah, consensus is a hard problem to solve for. Many have taken the route of least resistance and implemented what is known to work.