this post was submitted on 16 Apr 2024

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Reserve Bank considers the digital dollar: 'NZ's money must innovate to stay relevant ' (www.rnz.co.nz)

submitted 6 months ago by purrtastic@lemmy.nz to c/newzealand@lemmy.nz

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[–] JamesNZ@lemmy.world 1 points 6 months ago

Wtf are you on about? Proof of work is to keep the distributed ledgers honest. You need it if you are running a trustless system. If it is a central ledger, which it will be if a government is running it, then there is no need for proof of work.