Source: It is not necessary to waste energy for the sake of scarcity
It is often said that scarcity is the most important part of the economic model of cryptocurrencies. Is it really necessary to consume so much energy due to scarcity?
Bitcoin's Proof-of-Work (PoW) is the first network consensus that is used to come up to a single valid state of a ledger with nodes that are spread across a globe. As any technology can be improved al...