What's the point of miners "mining" coins?
Can a cryptocurrency exist without a huge waste of electricity and hardware?
What if there were no miners?
>>3145360
>Can a cryptocurrency exist without a huge waste of electricity and hardware?
Staking
>What if there were no miners?
Premine.
Now neck yourself, normie.
>>3145360
Because muh incentives.
If there was a coin that could work only using a small amount of cpu to process the blocks then we would be free of the miner problem forever.
>can a cryptocurrency exist without a huge waste of electricity and hardware
Yeah, it's called IOTA.