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submitted 2 years ago by Custoslibera@lemmy.world to c/memes@lemmy.ml

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[–] NewDark@unilem.org 6 points 2 years ago (1 children)

Mining is only one strategy for concenous, but yes it is a pretty rudementary and inefficient version.

[–] BolexForSoup@kbin.social 0 points 2 years ago (1 children)

Well it’s been over a decade and Bitcoin is still PoW, as well as nearly 50% of the entire crypto market.

[–] NewDark@unilem.org 2 points 2 years ago

Bitcoin is more religion and cult than anything. Of course they think it's great or at least able to hand wave criticisms.

And yeah, consensus is a hard problem to solve for. Many have taken the route of least resistance and implemented what is known to work.