Zcash development company ECC: Considering switching Zcash from PoW to PoS mechanism

Zcash development company ECC: Considering switching Zcash from PoW to PoS mechanism

According to Chain News, the Electric Coin Company (ECC), the developer of Zcash (ZEC), published an article titled "Should Zcash switch from Proof of Work to Proof of Stake?", saying that it is considering switching Zcash from Proof of Work (PoW) to Proof of Stake (PoS) mechanism. Because currently in PoW, miners must sell their mining output to cover costs (electricity costs and ASIC mining machine costs), which causes continuous downward pressure on the price of ZEC, generating about $100 million in selling pressure in the past year. In PoS, everyone can keep ZEC for Staking, thus becoming a long-term investor, while also providing better security and performance at a lower cost.

<<:  U.S. Senator: Crypto tax reporting provisions in infrastructure bill help industry development and do not impose new reporting requirements on non-brokers such as miners

>>:  Talen and TeraWulf form zero-carbon bitcoin mining joint venture

Recommend

Research: Bitcoin mining pools face fierce competition

This article is from U.Today, original author: Al...

Illustration of the location and fate of nipples

For the illustration of the location and fate of ...

Divorce fate! Is it good for a man to have a broken marriage line?

Is it good for a man to have a broken marriage li...

Your personality and health from your lifeline

As mentioned earlier, the lifeline can mainly rev...

Is it good for a woman to have a hairy nose? What does it mean in physiognomy?

There are many types of noses, so what does a thre...

From the marriage line, see if your lover will die suddenly

The marriage line can tell whether your lover wil...

Bitcoin investment exceeded $1 billion in 2015

In total, a record $1 billion has been invested i...

How to resolve bad luck on your face

How to resolve bad luck on your face 1. Black for...

Coin Zone Trends: Bitcoin Price Trends Based on Big Data This Week (2016-07-14)

Try to buy on dips in the short term, and wait pa...

Who is your best business partner?

Who is your best business partner? When doing bus...

How to read a man's nose

In physiognomy, a man's nose is related to hi...

How does the palm of a person who feels exhausted look?

How does the palm of a person who feels exhausted...