3 ms·
Not necessarily, non-hashing consensus seems to be where most blockchain projects are going. So these would require a stake of assets or similar, instead of was
by jsutton 8y ago
Not necessarily, non-hashing consensus seems to be where most blockchain projects are going. So these would require a stake of assets or similar, instead of wasting computing cycles.
- ufo 8y agoCreating a proof-of-stake algorithm that doesn't degenerate to proof-of-work and that doesn't require a central authority (checkpoints, etc) is still an open problem.
- arez 8y agoI'm waiting for the cardano guys on this one, testnet with PoS will start soon and they don't make bullshit hype announcements ever
- celticninja 8y agoProof-of-Stake(POS) is still theoretical at this stage, there is no working solution or proof-of-concept. It is a nice(ish) idea to reduce the energy consumption of blockchains but isnt really a solution to decentralisation.
- dlubarov 8y agoThere are some working solutions now, like NEO, Dash, and NXT. Ethereum is sure to adopt it as well; a lot of details are TBD but there's little question that the community will adopt some form of PoS. I'm not saying it's perfect -- there are some downsides like needing a cap on fork distance in order to prevent stake bleeding attacks [1] -- but it's certainly viable. [1] https://eprint.iacr.org/2018/248.pdf https://eprint.iacr.org/2018/248.pdf