2 ms·
my understanding is that much of the motivation for PoS is to avoid the electricity usage, and in some but not other ways of measuring it possibly has some bett
by drdeca 5y ago
my understanding is that much of the motivation for PoS is to avoid the electricity usage, and in some but not other ways of measuring it possibly has some better security properties, not really increasing the throughput or gas fees?
- jerojero 5y agoPoS is more scalable because if you need faster validation all you do is add more parallel nodes. With PoW all the validators are competing against each other to be the fastest whereas with PoS there is no competition but consensus. Eth2.0 is supposed to be much faster than Eth1.0 anyway, they say it'll be capable of doing thousands of transactions per second (as opposed to the ~15 it is doing right now). It's partly due to the switch to PoS. This might also bring down costs, gas fees are high because when you have only 15 transactions that can go through every second and you have thousands, millions of transactions requested every minute... well, a lot of pressure is built and that pressure is reflected on the gas price. But if you were to have a system that is capable of doing thousands, even hundreds of thousands of TPS then you would have very quick transactions and very high availability which would bring fees down. Really, the only people that don't want POS are miners, a node in Eth2.0 is meant to be run on any home set up. Even a laptop, the most important part is for it to never go down.
- drdeca 5y agoOk, I may be wrong there? By parallel validators, do you mean more validators for each block of the... beacon chain(?) or, do you mean like as validators on different shards? As you can see I haven’t been keeping up with the details