Is Proof of Stake the future of cryptocurrency?
The exponential growth of crypto currencies has outstripped the technology that it is built upon and now a drastic change is needed to catch up.
The market cap of crypto currency currently stands at $1.1 trillion (February 4th 2021) which has surpassed the previous all-time high of $830 billion during the crypto boom of 2018. With so much new money flowing into the sector, we need to consider the long-term feasibility of the technology.
Scalability and sustainability have been perennial stumbling blocks for crypto currencies, because as a blockchain grows, so too does the amount of data stored.…
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