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PoS deserves research but it's far from shown itself to be viable as the dominate consensus mechanism.
by tylersmith 9y ago
PoS deserves research but it's far from shown itself to be viable as the dominate consensus mechanism.
- Taek 9y agoA lot of research was done by heavyweights for PoS in 2012 and 2013. The consensus was that it was a fruitless pursuit and that PoS could not match PoW in terms of security and decentralization. Several papers have been written about it. https://download.wpsoftware.net/bitcoin/pos.pdf https://download.wpsoftware.net/bitcoin/pos.pdf
- tylersmith 9y agoI'm just trying to not be absolutest by stating it can't work. I'm in the camp that believes it's just obfuscated PoW.
- joeyspn 9y agoWell, as you may know it's currently being used in some coins like bitshares [0] and it works fine, Ethereum also is migrating to PoS [1]. So the consensus for a lot of people in the ecosystem is that it works. [0] https://bitshares.org/technology/delegated-proof-of-stake-consensus/ https://bitshares.org/technology/delegated-proof-of-stake-co... [1] https://www.coindesk.com/ethereum-casper-proof-stake-rewrite-rules-blockchain/ https://www.coindesk.com/ethereum-casper-proof-stake-rewrite...