this post was submitted on 03 Apr 2024

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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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Could Monero switch to a proof of stake model? (lemm.ee)

submitted 7 months ago by [email protected] to c/[email protected]

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Proof of stake is more energy efficient.

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[–] [email protected] 4 points 7 months ago

While I agree that a transaction is mostly the business involving the two parties transacting, they still need to adhere to the network rules. And that's were the miners step in. They don't care which two persons are transactig as long as they pay for it and it's in general a valid transaction (according to the network rules).