• admiralteal
      link
      fedilink
      11
      edit-2
      4 months ago

      By design.

      Bitcoin has pretty much no incentive to make the transactions efficient. The load is distributed to other people (their customers), and their biggest customers have a perverse incentive to want the transactions to be as inefficient as possible in order to discourage competition.

      Vista et al have to pay for their own transactions, so keeping it light is simple cost savings and totally rational.

    • @wolframhart@lemmy.today
      link
      fedilink
      English
      24 months ago

      Sorry, I’ve not kept up to date with crypto, but wasn’t ethereum due to move from computational mining to staking? Wouldn’t that be a lot more efficient, or is that not a thing yet?

      • coffeetest
        link
        fedilink
        8
        edit-2
        4 months ago

        ethereum moved to proof of stake sometime back. BTC and I think a few other (very) minor cryptos still use proof of work which is where the significant power usage goes. Not something I track but I believe the vast majority of non-BTC cyptos are proof of stake or something not proof of work anyway and BTC is the only one that uses proof of work and is used at all. That might not exactly be technically correct but it is in the practical realm.

    • @jarfil@beehaw.org
      link
      fedilink
      14 months ago

      Most importantly, VISA, MasterCard, etc. are far more profitable for VISA, MasterCard, etc. stock holders.