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It is quite noteworthy that Ethereum trusts proof of stake so much that they want to move to it though. Ethereum has some really good devs. Last time I checked
by DanielleMolloy 6y ago
It is quite noteworthy that Ethereum trusts proof of stake so much that they want to move to it though. Ethereum has some really good devs.
Last time I checked for altcoins that are trying to solve Bitcoin‘s various scalability problems I ended up with a proof of stake coin too, Nano (using the rather new idea block lattice, small but so far quite low-toned development team that seemed to focus on problem solving rather than scammy marketing).
I’m surprised that Ethereum is convinced that they can „just move“ from proof of work to proof of stake. Should be possible for Bitcoin too then, shouldn’t it? (Maybe I’m missing something about this transition.) Nano required a whole new development.
- somebodythere 6y agoEthereum's social contract has evolved to become much more "fluid" and open to change than Bitcoin's. Mainline Ethereum today is is very different in many ways to what it was two years ago. There is even a proposal with a lot of support to have transaction fees mostly burned rather than mostly given to miners. Aside from minority forks, something like that would never happen in Bitcoin in a million years. So, while Bitcoin techinically could switch to proof of stake, it probably won't.