Myths
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Let's clear up some common Jax.Network misconceptions.
Proof of Work vs Proof of Stake debate
Proof of Work is resource intensive
PoW requires a lot of electricity to process a transaction
Proof-of-Stake is an eco-friendly technology
Proof of Work is less decentralised than Proof of Stake
Bitcoin mining is concentrated in the certain country
Proof of Work is the drawback of the blockchain technology
Proof of Work is outdated consensus algorithm
Proof of Stake is a consensus protocol
Proof of Stake is trustless
Jax.Network decentralisation concerns
Jax.Network will be shut down by the government
References
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