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People think PoS is "the future" of crypto, but don't understand that you have to lock something of value in the network worth staking. A PoS crypto only works
by spinny 5y ago
People think PoS is "the future" of crypto, but don't understand that you have to lock something of value in the network worth staking.
A PoS crypto only works if there is an initial pre-sale (many of the ICO cryptos), or starting with a PoW period (like Ethereum did, there was also an ICO) and then moving to PoS.
Without one (or both) of the above the tokens at stake are worth nothing