9/ Another way to visualize this process, is to think of PoW mining as attaching physical weights to virtual blocks. Over time the older blocks get damaged and get lighter & lighter. This also reduces the total weight of the chain, everything else being equal.
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20/ Compare that to some cryptokitties that someone creates, modifies & removes as they see fit. Their uniqueness & existence are neither guaranteed nor reliable.
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21/ Even if the current variant of PoW fails, I’m confident that there will be other ways of attaching energy to a block.
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22/ In conclusion, PoW’s application in blockchains might prove to be far more significant & wide reaching than what it was originally invented for.
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23/ PoW gives us immutability, which gives us uncensorable money, which could potentially change how society organizes itself ( read
@NickSzabo4 ‘s wonderful essay on social scalability for more on that: http://unenumerated.blogspot.com/2017/02/money-blockchains-and-social-scalability.html … ).Show this thread
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PoW depend on miners then coin and project may be not stable. Miners tend to sell all coins to refund usd When difficult increase while coin price low, miners leave then the system will weak. PoS encourage people to hold coins make its price up...
Thanks. Twitter will use this to make your timeline better. UndoUndo
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The fact that you support LTC makes me proud to support LTC. You're the man!
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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