TLDR
MobileCoin uses a network consensus model known as Federated Byzantine Agreement (FBA) Unlike mining, the energy to consense on MobileCoin transactions is nearly zero. MobileCoin is up to four million times more efficient than Proof of Work based blockchains. The world’s first carbon-negative cryptocurrency is now the first carbon negative cryptocurrency. For more details and data on the energy usage, please read the technical explanation below. In the original proposal, Satoshi Nakamoto outlined a network coordination mechanism known as “Proof of Work”via the TL;DR App
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