The Proof of Stake Trojan Horse

Written by atrigueiro | Published 2022/04/14
Tech Story Tags: blockchain | tatum_io | ethereum | proof-of-work | proof-of-stake | eth | blockchain-writing-contest | hackernoon-top-story | web-monetization | hackernoon-es | hackernoon-hi | hackernoon-zh | hackernoon-vi | hackernoon-fr

TLDRThe meltdown of the global financial systems in 2008-09 prompted "Satoshi Nakomoto" to create a 21st-century version of the old Proof of Work model. A currency backed by gold was not subject to devaluation the way a fiat currency devalues. Money is looking for an easier way to get a "stake" at the cryptocurrency table. Mainstream money has been very slow to recognize what cryptocurrency could be but the Proof of Stake model requires, well…work.via the TL;DR App
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Written by atrigueiro | Coder and the Author of "Cryptocurrency Investing in the Age of Dollar Chaos"
Published by HackerNoon on 2022/04/14
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