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A 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
by Taek 9y ago
A 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...