3 ms·
Not only do you need to "stake" your eth for ~a year or so (as is currently proposed), but if you do not act in good faith you burn your entire stake. This ince
by jzoch 9y ago
Not only do you need to "stake" your eth for ~a year or so (as is currently proposed), but if you do not act in good faith you burn your entire stake. This incentivizes you to act in good faith. With PoW, you act in good faith since the cost to 51% the network is very high when measured in compute power and electricity, but can be done multiple times and the cost may be worth the end result. The cost here would definitely not be worth it and would not be repeatable.
- GordonS 9y agoWho decides whether you've acted in 'good faith'? Could this mechanism be abused to burn perfectly valid stakes?
- runeks 9y agoThe idea is that, if a staker refuses to include a proof (digital signature) that it has staked on multiple chains, or double spent coins, the network will fork the chain to a new one which includes this proof. How the network will reach consensus on then following this new chain is not clear to me.