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Ripple co-founder thinks Bitcoin should move away from proof-of-work

Published 04/22/2021, 04:20 AM
Updated 04/22/2021, 06:00 AM
Ripple co-founder thinks Bitcoin should move away from proof-of-work

Bitcoin (BTC) code contributors need to consider a move away from the cryptocurrency’s proof-of-work consensus mechanism, Ripple co-founder Chris Larsen argued.

In a Wednesday blog post, Larsen outlined major PoW-related vulnerabilities, noting growing concerns over Bitcoin’s carbon footprint. According to the executive, PoW-based coins like Bitcoin should consider a code change to carbon-neutral validation methods like proof-of-stake or federated consensus, or something yet to be developed.

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