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minting_overview [11/02/2023 14:06] – [Bullets Continued] crowetic | minting_overview [11/29/2023 15:21] – crowetic | ||
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- | We do not MINE, we MINT! Minting, is the process | + | Qortians |
- | Qortal does not use PoW or PoS like more 'traditional' | + | Minting is much more similar to 'Proof of Work' |
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+ | In Qortal, | ||
Bitcoin was intended to allow anyone to run a basic computer and take part. The flawed aspect of PoW where only the block signer is rewarded led to more expensive hardware demand with greater power demand and only an option for those who can afford the expensive setup. Ultimately steering away from the foundational concept to allow anyone to run a basic computer. Qortal aims to fix this key aspect. | Bitcoin was intended to allow anyone to run a basic computer and take part. The flawed aspect of PoW where only the block signer is rewarded led to more expensive hardware demand with greater power demand and only an option for those who can afford the expensive setup. Ultimately steering away from the foundational concept to allow anyone to run a basic computer. Qortal aims to fix this key aspect. |