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Isn't Ethereum moving to Proof of Stake though?

• rglullis 5y ago
  Yes, but PoS will not solve the problem of gas fees. Gas fees only come down when network capacity is higher than its demand. Layer-2 systems (which allow some of the operations to happen off-chain) is how Ethereum developers are trying to scale the network capacity.
  • publiush 5y ago
    My worry with Ethereum is that moving to proof of stake changes the project from a decentralized one to something a little less so.
    • rglullis 5y ago
      Would you like to check how many people are running ETH2.0 validators [0] vs how many people are running Handshake nodes? [0]: https://launchpad.ethereum.org/en/ https://launchpad.ethereum.org/en/
    • everfree 5y ago
      Are you not concerned about the decentralization of Handshake's PoW consensus, considering that it uses a custom hashing algo that seems to be dominated in hardware production by a single company, Goldshell? I believe you may be missing the forest for the trees by worrying about Ethereum's decentralization when compared to Handshake's.