3 ms·
Proof of stake is the fusion power of crypto. It's been 6-24 months away since what, 2016? I toured Consensys a few years back and at the time it seemed PoS was
by kortex 6y ago
Proof of stake is the fusion power of crypto. It's been 6-24 months away since what, 2016? I toured Consensys a few years back and at the time it seemed PoS was right around the corner.
OTOH, it could be cracked tomorrow and value of dedicated silicon will go off a cliff. So I don't blame the GPGPU crowd for that, before even considering the engineering challenges of silicon/FPGA for eth.
- ryebit 6y agoEthereum's Proof of Stake "beacon chain" is already live, with around $6 billion staked (since launch in december 2020). Next year is just formalizing and testing it taking over from the miners. So despite timeframe, there's little uncertainty about the outcome. https://beaconcha.in/ https://beaconcha.in/ is a nice explorer to see beacon chain running live.
- kortex 6y agoNeat, thanks!