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Proof-of-Work Doesn’t Solve Every Blockchain Use Case

October 31, 2019 by DIGIT
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While proof-of-work is great for Bitcoin, it falls short for other — especially nonfinancial — use cases of a blockchain. Here is why we need new consensus mechanisms

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Categories Bitcoin, Blockchain, Cryptocurrencies, hacks
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  • bitcoinBitcoin(BTC)$76,616.00-2.56%
  • ethereumEthereum(ETH)$2,243.38-4.75%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$764.02-1.38%
  • rippleXRP(XRP)$1.58-3.54%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$100.83-3.95%
  • tronTRON(TRX)$0.283076-0.30%
  • staked-etherLido Staked Ether(STETH)$2,241.76-4.85%
  • dogecoinDogecoin(DOGE)$0.106324-2.02%
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  • bitcoinBitcoin(BTC)$76,616.00-2.56%
  • ethereumEthereum(ETH)$2,243.38-4.75%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$764.02-1.38%
  • rippleXRP(XRP)$1.58-3.54%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$100.83-3.95%
  • tronTRON(TRX)$0.283076-0.30%
  • staked-etherLido Staked Ether(STETH)$2,241.76-4.85%
  • dogecoinDogecoin(DOGE)$0.106324-2.02%