POW-based mining is becoming less and less common. Satoshi Nakamoto’s original method for reaching consensus is commendable and deserving of respect, but it consumes too much energy. PoS (Proof of Stake) took its place; however, not all cryptocurrencies have made the changeover. With cryptowinter stepping on miners’ feet, the middle-ground solution is needed more and more every day.
Read our recent article, “What is mining as a service and how can it benefit from tokenization?” to find out more about cloud mining, its pros, and cons, and the role tokenization can play in making it more efficient.
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