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PoS should be less centralized than PoW as I understand it. At least in Ethereum if you stake your 32 ETH then you get transactions to validate assigned to you
by seanhunter 5y ago
PoS should be less centralized than PoW as I understand it. At least in Ethereum if you stake your 32 ETH then you get transactions to validate assigned to you randomly. You don't need a purpose-built rig with a ton of hash power to compete so smaller players are incentivized to participate, leading to a far greater incentive to run a node.
- fouric 5y ago> You don't need a purpose-built rig with a ton of hash power to compete But you do need ETH in the first place, and the more the better. This seems like it still disincentivizes smaller players.
- jl2718 5y agoDifferent strategies. ETH PoS is about distributing a consensus state. Bitcoin PoW is about hardening a deterministic state.
- boring_twenties 5y agoYeah but 32 ETH costs $90,000. A lot more than a minimally profitable mining rig.