Difference between revisions of "Myths"

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=== Proof of Work is resource intensive ===
 
=== Proof of Work is resource intensive ===
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==== PoW requires a lot of electricity to process a transaction ====
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==== Proof-of-Stake is an eco-friendly technology ====
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=== Proof of Work is less decentralised than Proof of Stake ===
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==== Bitcoin mining is concentrated in the certain country ====
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=== Proof of Work is the drawback of the blockchain technology ===
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==== Proof of Work is outdated consensus algorithm ====
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=== Proof of Stake is a consensus protocol ===
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==== Proof of Stake is trustless ====
  
 
== Jax.Network decentralisation concerns ==
 
== Jax.Network decentralisation concerns ==

Latest revision as of 17:42, 15 January 2022

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Proof of Work is outdated consensus algorithm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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