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You understood OP wrong. He is not saying that PoW is the only viable method of securing the chain, but rather, that you need a mining incentive. There is such
by relyio 9y ago
You understood OP wrong. He is not saying that PoW is the only viable method of securing the chain, but rather, that you need a mining incentive.
There is such a mining incentive in proof-of-stake, block signers get rewarded.
- wyldfire 9y agoI think you must have misread what I wrote because I specifically mentioned incentive. > There is such a mining incentive in proof-of-stake, block signers get rewarded. Not in all PoS coins, actually. And arguably you don't need it. Your stake's value is contingent on fulfilling the implicit promise of the network: honest, accurate, fast transactions.