CoinGeek: EU Parliament votes against proof of work ban

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The alternative language to effectively phase out proof-of-work consensus protocols added to the EU MiCA Regulation clearly demonstrated a concern for the need of utility-driven blockchain innovation. The measure would have potentially removed access to advancements in data security that a scalable Proof-of-Work consensus mechanism delivers, and blockchain requires,” said Bryan Daugherty, Public Policy Director for BSV Blockchain.

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Bryan Daugherty

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