Andreas Antonopoulos Talks Bitcoin’s Hybrid Proof-of-Stake and Design Challenges

To quite some people, the connection between creativity and financial freedom has remained invisible for quite some time now. But Andreas Antonopoulos pointed out how there is a distinct correlation between creativity and what fine-grained components have to offer.

Also read: Blockchain Disruption Will Affect Every Aspect of Daily Life

Andreas Antonopoulos: “Bitcoin Has A Lot of Exciting New Features.”

One of the more prominent very few people are aware of is how Bitcoin will have a hybrid Proof-of-Work and Proof-of-Stake system in the near future. This is a creative decision by the developers very few people had envisioned up until now, and it will effectively turn the entire Bitcoin ecosystem on its head.

A lot of people were shocked when Andreas Antonopoulos made this announcement during a Bitcoin Berlin meetup. The Lightning Network, which is scheduled for launch later this year, is based on proof-of-take. However, it does not operate like people envision this system in the altcoin scene, as the Lightning Network is an entirely different creature.

People have to understand the Lightning Network uses a concept that requires money to be committed to a multisignature address. More money increases the number of transactions

Read more ... source: TheBitcoinNews