this post was submitted on 03 Apr 2024

2 points (56.2% liked)

Monero

1675 readers

26 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 1 year ago

MODERATORS

[email protected]

2

Could Monero switch to a proof of stake model? (lemm.ee)

submitted 7 months ago by [email protected] to c/[email protected]

41 comments fedilink hide all child comments

Proof of stake is more energy efficient.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 4 points 7 months ago

While I agree that a transaction is mostly the business involving the two parties transacting, they still need to adhere to the network rules. And that's were the miners step in. They don't care which two persons are transactig as long as they pay for it and it's in general a valid transaction (according to the network rules).