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#006 Sean O’Connor: How Blockchains Make Transactions Costless, and How that Transforms Society

Smart Friends

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Proof of Block Chains

Theorium is transitionto proof f stake, likely early next year. It lad it to reduce the energy consumption by 99 per cent. Proof of work involves really, really complex problems that you have to throw a lot of computing power at to solve. By making it really difficult, you're protecting the block chain. And it turns out that bit coin uses more power than some countries.

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