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The point is to make a credibly neutral network, yes. You don't get more for free, you get more by locking up and risking your capital in a validator for defend
by chrisco255 4y ago
The point is to make a credibly neutral network, yes. You don't get more for free, you get more by locking up and risking your capital in a validator for defending the network. You risk getting slashed for doing that incorrectly or maliciously. So no, nothing has changed with regards to Proof of Stake except that validators aren't performing throwaway hash calculations at the cost of massive amounts of electricity for rewards.
- Melatonic 4y agoThis makes sense. I have not seen anyone else explain it so succinctly. It seems like then from a logical perspective we are shifting the capital needed to be a validator from investment in GPU/ASIC, computing power, and energy to just actual direct investment of those same types of funds? Basically instead of using money to buy all of the above you just directly invest the money itself. Which is the Stake?
- chrisco255 4y agoExactly.