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The difference to PoW is that the exchanges can do the staking with very minimal effort. I would guess majority of exchanges give the staking results to custome
by pinkybanana 5y ago
The difference to PoW is that the exchanges can do the staking with very minimal effort. I would guess majority of exchanges give the staking results to customers while taking some % fee.
I don't have any problem with this in general, I don't think it is wrong to do business like that. But I personally prefer PoW because it looks like it naturally separates the mining work from exchanges, creating more decentralized economy.