Delegated Proof of Stake, as Steem has, is much better implementation.
Bitcoin and PoW is an unnecessary and overly used system that only results in huge amounts of power consumption to no end.
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Delegated Proof of Stake, as Steem has, is much better implementation.
Bitcoin and PoW is an unnecessary and overly used system that only results in huge amounts of power consumption to no end.
My main issue with DPOS is that it somehow push witness to be only companies, like PoW mining pools. At least there are more witness (TOP 20 vs 7 mining pools on ETH and BTC).
There's no rule that it's 20 witnesses, it can be 30 or 100. It's all about the chain preferences. Bitshares has ~27 at the moment and changes up and down from time to time.
I guess until it happens once on steem we won't know.