A few months back during the lead up to the Bitcoin Gold fork the conversation about ASIC resistant mining hit the forefront of many Crypto discussion forums. The point of Bitcoin gold was to make a new version of bitcoin that was resistant to being overun by large mining operations and keeping the mining within reach of the small time miner. This lead to a few ASIC resistant coins like Vertcoin running up massively in a short time period.
Soon we will see Ethereum forking to a new version that is part Proof os Stake. I think this will direct peoples interest into other proof of stake coins. Unlike Proof of work these coins require no mining, meaning with little or no equipment the average user or investor may run a node and help make new blocks just by having coins in their nodes wallet.
Coins like Navcoin which are smaller lesser known POS coins might see a massive runup when this occurs. People will eventually become wary of the massive waste of energy caused by Proof of work coins. So it might be worth taking a look at the small cap POS coins in the near future.
Just my thoughts on what could happen moving forward, do your research and don't take this as advice to buy or sell any coins.
Good luck!
thanks for you input
I agree, PoS coins like Navcoin seem to have a possible future looking at the current cryptoclimate. At least as a means of testing possible innovation for the larger coins but I believe some will crawl to the cracks and make it big.
Please keep posting here in Navcoin I hope we can create a real community around the coin here as it seems to lack attention on Steemit at the moment.
Best regards,
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