By Mirko Stanić on The Capital
When discussing blockchain technologies, a question that often comes up is one of wastefulness of Proof of Work consensus mechanisms (PoW) and how a newer, often Proof of Stake (PoS) consensus mechanism, is favorable. …
Because depending on how we define the term cryptocurrency, they either already exist or they would be to volatile.
Short answer, there will never be a true crypto-euro or a crypto-dollar because depending on how we define the term cryptocurrency, they either already exist or they would be to volatile.
To clarify a bit, we must first understand what is blockchain and cryptocurrency. Blockchain is a protocol for synchronizing…
