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?
Source: It is not necessary to waste energy for the sake of 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...