3 ms·
So what’s the tradeoff? Is this strictly superior to PoW?
by aphextron 9y ago
So what’s the tradeoff? Is this strictly superior to PoW?
- antome 9y agoWay more energy efficient, but the "centralization" problem just shifts from the mining hardware, to the amount of currency you have. It assumes the majority of stakeholders act in good faith.
- masklinn 9y ago> Is this strictly superior to PoW? No. It's more efficient and simpler, but it requires a somewhat trusted network of good-faith actors. Think of a git repository where the "core team" decides which commit is the new master by signing them, if a quorum (could be 51%, could be 66, whatever) agrees on a commit, it's the new master's HEAD. That's what a PoS is.