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How different is PoS and PoW in practice (for ASIC eligible blockchains)? I need to devote X units of currency to get Y hashrate to gain 51%. This is a stake,
by jpadkins 8y ago
How different is PoS and PoW in practice (for ASIC eligible blockchains)?
I need to devote X units of currency to get Y hashrate to gain 51%. This is a stake, needed to achieve a certain level of PoW.
One difference is PoS requires stake only from internal currency (you must buy/mine a stake in that currency), vs ASIC PoW you can use a foreign currency to buy your 'stake'. This might mean PoS is less volatile, or resistant to external attacks.
- tdmat 8y agoi can run POS node on a medium instance from AWS.