Ripple co-founder thinks Bitcoin should move away from proof-of-work
Cointelegraph
Published Apr 22, 2021 04:20AM ET
Updated Apr 22, 2021 06:00AM ET
Bitcoin (BTC) code contributors need to consider a move away from the cryptocurrency’s proof-of-work consensus mechanism, Ripple co-founder Chris Larsen argued.
In a Wednesday blog post, Larsen outlined major PoW-related vulnerabilities, noting growing concerns over Bitcoin’s carbon footprint. According to the executive, PoW-based coins like Bitcoin should consider a code change to carbon-neutral validation methods like proof-of-stake or federated consensus, or something yet to be developed.
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Written By: Cointelegraph
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