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RE: One Bitcoin Transaction Now Uses as Much Energy as Your House in a Week ... where is Bitcoin heading?

in #bitcoin6 years ago

This is why EOS is going to take the top position soon. DPoS is just smarter than POW. There's no competition in DPoS to be the one to complete the block. There is a schedule that every 3 seconds each block is completed by one of the 21 block producers. The community will stake their coins in the wallet of one of the active block producers if they want to make dividends on their coins. This process can be done by anyone in the community with coins, and people can profit from the blockchain transactions without having to use their electricity to do so! It's a game changer.

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I think, naturally DPOS chains will move along naturally with EOS. Same creator, same community, same basic technology. I may be wrong but I see BitShares being the decentralised exchange on EOS and Steem the default social network.

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