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 to be handled, which will generate new fees. This is a real proof-of-stake system, but it will be based on the Bitcoin network in a trustless manner, and guaranteed by Bitcoin’s proof-of-work.
The consensus algorithms of the future may benefit from proof-of-stake according to Antonopoulos, as this solution would allow for further scalability than the proof-of-work technology is capable of right now. This is just one of the many surprises Bitcoin users can expect in the coming years as creativity is being stimulated by the open source nature of this Bitcoin concept, and its open nature welcomes all kinds of different ideas.
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