Questions tagged [future-proof]

"Future proofing" is the process of trying to anticipate future developments, so that action can be taken to minimize possible negative consequences, and to seize opportunities. As such, a system which is described as "future proof" has passed such validation. This tag should be used for questions related to the future-proofing of Bitcoin (and related projects).

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Is the whole idea of proof of work or proof of stake quite unnecessary and superfluous for cyptocurrencies?

I only have a vague idea of proof of stake, but I think I reasonably understand proof of work. In the case of bitcoin, the whole hash thing business has to be combined with a mechanism to increase the ...