Proof-of-Stake PreferenceCloudflare made clear that it supports proof-of-stake networks due to the low energy usage compared to proof-of-work-based counterparts, declaring that “the energy required to operate a proof of stake validator node is magnitudes less than a proof of work miner.” About proof-of-work-based networks, like Bitcoin, Cloudflare stated:Proof of work networks are wasteful. This waste is driven by the fact that proof of work consensus mechanisms are electricity-intensive.
The company also declared that, as part of its commitment to sustainability, “Cloudflare has not and will not run our own proof of work infrastructure on our network.” While Cloudflare will start experimenting with Ethereum first, it also mentioned another consensus mechanism, “proof of spacetime,” in its press release.This consensus mechanism is the one used by Filecoin, a decentralized storage network that uses incentives to maintain the files of the participants.
Guess they will be able to earn more usdt this way
love this mega internet company committed to ETH for building ecosystem via Web3
Double up your coins 👉🌏 SHIBx10
🚀🚀
Don't miss! SHIBx10
SHIBA lNU perfectly 🌠💯Free Airdrop SHIB SHIBx10
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BTCTN - 🏆 531. / 51 Read more »