this post was submitted on 03 Feb 2024
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Over 2 percent of the US’s electricity generation now goes to bitcoin (arstechnica.com)
submitted 9 months ago by L4s to c/technology
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Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

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[–] [email protected] 1 points 9 months ago (1 children)

Solana is incredibly centralized compared to BTC. The higher the TPS on your base layer the harder it is to meet the hardware requirements to run a full node. Scaling in layers is the solution.

Eth's L2s are a confusing mess. They offer a variety of degrees of security and decentralization, some of them, like Polygon, are a network run with only 15 validators, yikes! And many of them are secured by a single bridge. There have been plenty of notable bridge hacks, it is not fun when your currency gets depegged.

[–] Sanyanov -1 points 9 months ago

Solana currently has 1777 validators - which doesn't look like much compared to Bitcoin, but is actually way more than enough for any practical intents and purposes.