Is Bitcoin transitioning from Proof-of-Work to Proof-of-Stake ?

Is Bitcoin in transition from proof of work to proof of stake ? Will it use proof of stake concept in the future ?
30 Jun 2021 at 04:08 PM
0pnshow more
GarrettGarrett
Bitcoin is currently using proof of work algorithm, so because of that as it is growing, it has high energy consumption. Proof of stake algorithm is considered to be more energy efficient. The transition to proof of stake should reduce the enviromental impact of a cryptocurrency.

The transition of Bitcoin to proof stake protocol would be a good improvement, but it has not been officialy announced or confirmed, so it is not expected to become real soon.
07 Jul 2021 at 11:46 AM
0pnshow more
WillWill
Share on FacebookShare on TwitterShare on LinkedInSend email
2021 AnswerTabsTermsContact us