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Proof Of Work Vs. Proof Of Stake: Why Bitcoin Won’t Change

Bitcoin’s consensus mechanism, proof of labor (PoW), tends to result in divisive opinions in society. While some argue it is a core facet of Bitcoin’s success, others declare the community would retain most of its properties whereas reaping new advantages if it switched to various consensus mechanisms equivalent to proof of stake (PoS).

This dialogue was introduced to the fore this week as two diametrically-opposed occasions occurred almost concurrently: The World Economic Forum’s (WEF’s) annual meeting in Davos, Switzerland, and the Oslo Freedom Forum (OFF) in Oslo, Norway.


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