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Is 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 ba
by benlivengood 5y ago
Is 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.