CoinGeek: ESMA vice chair seeks proof of work mining ban for European Union
The Proof of Stake consensus may spread claims to be less energy-intensive than PoW but it does not achieve the goals, it does not have the capabilities, and it does not support the objectives pursued when using blockchain technology. These objectives can be summarized as a global solution for data management, a secure, stable, public, permissionless, scalable, and sustainable system. Although PoS may boast of sustainable levels of consumption, it completely lacks the security needed for a nation’s public blockchain,” said Daugherty.
Read the full article at: ESMA vice chair seeks proof of work mining ban for European Union
Blockchain Subject Matter Expert at SmartLedger
After 2 decades of successfully helping to digitally transform businesses and organizations with traditional and emerging technologies, I have decided to refocus my consultative efforts towards one of the most innovative and impactful technologies I've ever encountered - Blockchain
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