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Is PoS actually decentralized?
by bfung 4y ago
Is PoS actually decentralized?
- everfree 4y agoIt depends on which PoS algorithm you look at, but some of them are generally considered to be as "decentralized" as PoW in terms of the security properties they give to their network under adversarial conditions.
- benlivengood 4y agoIs PoW actually decentralized? It's more like multi-witness because miners aren't able to see the block they're working on and validate it before submitting back to the pool operator and they can only trust the pool to keep paying out rewards through non-blockchain means. In ideal worlds as designed for PoW and PoS everyone has roughly an equal stake and equal incentives. Reality differs.