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PoS encourages centralized exchange-held staking, which means that there are only a handful of failure/pressure points. In other words, a government doesn’t hav
by bitcurious 5y ago
PoS encourages centralized exchange-held staking, which means that there are only a handful of failure/pressure points. In other words, a government doesn’t have to buy 66% of the stake - merely compel the exchanges.
- yellowapple 5y ago> PoS encourages centralized exchange-held staking Not when the protocol actively encourages decentralization by cutting off staking rewards to larger pools, like what Cardano does (as one example). Sure, the exchanges can (and probably do) run multiple pools, but so can anyone else, and for far less expense than is required for mining.