PoW: Proof of Work, this is a decentralized system that distributes rights according to the power of the mining machine. The disadvantages are:
Consumption of social resources. The calculated results of computational power are useless and consume a large amount of resources.
Inefficiency. The blocking rate is inversely proportional to security, and is no longer useful to the further developments of decentralized blockchain applications.
Centralization. The characteristics of decentralization are being lost due to mining pools concentrating resources.
Barrier to entry. The gathering of computational power is not friendly to new public chains, and PoW based public chains have a difficult time obtaining large amounts of computational power to maintain system security in the early stages.
🔥Our Social Media Channels🔥
Twitter:
https://twitter.com/AmbrGlobal
Facebook:
https://www.facebook.com/Ambr.Global.Blockchain
GitHub:
https://github.com/Ambr-org/Ambr
SteemIT:
https://steemit.com/@ambr.global
Bitcointalk ANN:
https://bitcointalk.org/index.php?topic=5080890
Reddit:
https://www.reddit.com/user/AmbrGlobal
Instagram:
https://www.instagram.com/ambr.global
Medium:
https://medium.com/@ambr.global
Telegram:
https://t.me/AmbrGlobal2
Telegram Developers Community:
https://t.me/AmbrGlobal
(only for developers)
Real nice information! Ambr ftw!
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://ambr.org/views/whitepaper/Ambr_English.pdf
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That is our whitepaper @cheetah !
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Congratulations @ambr.global!
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I also upvoted your post to increase its reward
If you like my work to promote newcomers and give them more visibility on the Steem blockchain, consider to vote for my witness!
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Congratulations @ambr.global!
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