Thanks a bunch for all this important information and education, in my case! It made me wonder if anything of this could even affect Bitshares?!. ;)
Namaste :)
You are viewing a single comment's thread from:
Thanks a bunch for all this important information and education, in my case! It made me wonder if anything of this could even affect Bitshares?!. ;)
Namaste :)
Bitshares uses Delegated Proof of Stake and basically the network votes for who is going to produce the blocks and get the reward. It is a totally different form of mining that should never have to worry about ASICs.
Therefore, more reasons for everybody to jump on the bandwagon right?!? ;)
Namaste :)
This is an important difference between Proof of Work and Delegated Proof of Stake. Most of my current crypto holdings are in DPoS currencies. Steem, Bitshares, Lisk. I think they have a significant advantage over Proof of Work based currencies.