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Why is proof of work so much more popular than proof of stake?
by debbiedowner 6y ago
Why is proof of work so much more popular than proof of stake?
- Zamicol 6y agoBecause PoW is easier to implement correctly than PoS. PoW can be as simple as checking a hash (in addition to the basic block rules). PoS has a lot more rules, for example Eth has a lot of PoS rules and includes features like slashing which improve economic securities. https://docs.ethhub.io/ethereum-roadmap/ethereum-2.0/proof-of-stake/ https://docs.ethhub.io/ethereum-roadmap/ethereum-2.0/proof-o... When rules aren't by implemented correctly it causes situations like Bitcoin's 2013 fork https://bitcoin.org/en/alert/2013-03-11-chain-fork https://bitcoin.org/en/alert/2013-03-11-chain-fork
- qertoip 6y agoBecause PoS effectively means a handful of exchanges run the coin. This is far worse than a handful of mining pools, because pools depend on many more individual hash power providers.