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The XRP creator proposes an approach to get Bitcoin miners to quit Proof-of-Work.

Chris Larsen, creator of XRP and executive chairman of Ripple, came up with a proposal to convince bitcoin miners to move to a more environmentally responsible consensus process like Proof-of-Stake. Chris Larsen, XRP Creator and Ripple Executive…

Proof-of-Stake (PoS)

A blockchain consensus mechanism in addition to Proof-of-Work that maintains the integrity of blockchain. What Is Proof-of-Stake (PoS)?PoS is another consensus mechanism, the method by which blockchain confirms transactions and prevents the…