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One Way is through Proof of Stake, which Ethereum will likely be moving towards in the future. https://en.wikipedia.org/wiki/Proof-of-stake https://en.wikipedi
by Lon7 9y ago
One Way is through Proof of Stake, which Ethereum will likely be moving towards in the future.
https://en.wikipedia.org/wiki/Proof-of-stake https://en.wikipedia.org/wiki/Proof-of-stake
- csomar 9y agoIsn't that equivalent to "centralization"? Instead of "spending energy" for mining; you spend "credibility" or "holding cash".
- Lon7 9y agoWell, it's no closer to centralization than proof of work is. If one, or more than one party working together control >50% of the staked coins you are left with the same result as one party controlling 50% of the hashing power.
- tonyztan 9y agoI think the assumption is that the more Ethereum you hold, the more incentive you have to keep Ethereum valuable and thus not attack the currency or its transactions.