Published On: Mon, Oct 23rd, 2017

Quantum Computing and Building Resistance into Proof of Stake

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While both mining via Proof of Work
(POW) and staking are two of the most popular ways to perform work to earn
income, cryptocurrencies are also susceptible to advances in computing, which
could undercut the value of the coins by making them much easier and less
expensive to mine. The dawn of quantum
computers is upon us. And while this causes many to fear the loss of income
potential, the truth is that an increase in difficulty to mine or stake is
factored into the underlying algorithms in blockchain systems which have
adjusted accordingly from central processing units to graphics …

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