PoW is a service to the network, to create an immutable ledger. It comes with a very real nuclear option that will bankrupt miners if you misbehave and get fired by hashing algo change.
It's just a boring industrial business, like smelting aluminum or iron.
Proof of Work does not get you any votes at all.
PoW is a service to the network, to create an immutable ledger. It comes with a very real nuclear option that will bankrupt miners if you misbehave and get fired by hashing algo change.
It's just a boring industrial business, like smelting aluminum or iron.