BeInCrypto –

Zcash founder Zooko Wilcox says Proof-of-Stake (PoS) can be a solution to pricey transactions and environmentally resource-heavy practices with the Proof-of-Work (PoW) model.

Wilcox was an early Bitcoin explorer, known for his message board exchanges with the man behind the pseudonym Satoshi Nakomoto. He is no stranger to the ins and outs of how the technology behind the cryptocurrency works and doesn’t work. The cryptopionneer called privacy the, “main value proposition.”

However as Bitcoin moved more mainstream, so did the shortfalls of the Proof-of-Work concept. The security on the blockchain is not as secure as initially thought, transactions are pricey, and the entire system is not a friend of the environment.

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