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Bitcoin is more centralized than some proof of stake chains. Just 3-5 pools control almost all of the hashrate. Many popular proof of stake chains have 20-50 va
by injeolmi_love 3y ago
Bitcoin is more centralized than some proof of stake chains. Just 3-5 pools control almost all of the hashrate. Many popular proof of stake chains have 20-50 validators, and some have thousands. Proof of stake is proven to be more decentralized than Bitcoin - except in cases like Ethereum which are similarly centralized.
- sMarsIntruder 3y agoIMHO, You have a wrong idea of what decentralisation means. - light validator nodes, more than 50ks around the world - no foundations, CEOs, companies behind - proposals based on BIP - miners don’t own the chain since rules are based on nodes (except some quick activations in the past for segwit and taproot) - no premining - the only one truly censorship resistant (stratum v2) - I could go on and on and on But yes, I agree with you on the mining pools topic.
- injeolmi_love 3y agoWhy don’t Bitcoin maxis prefer Monero? It seems you get better decentralization plus a more private digital gold and something that’s much more similar to p2p cash than Bitcoin, without needing a proof of stake chain.
- ericd 3y agoDoes Monero match all of those attributes of BTC that the parent listed? Lightweight validator is one of the big ones that most seem to trade in exchange for higher transaction throughput.