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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-Work (PoW)

A blockchain consensus mechanism involving solving of computationally intensive puzzles to validate transactions and create new blocks. *see Proof-of-Stake (PoS).What Is Proof-of-Work (PoW)?In contrast to fiat money which is typically regulated…