Quote:
Originally Posted by $5 submissions
You're saying PROOF OF STAKE is more decentralized than POW?
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No.
I am saying that he referenced an event from 2016 when ETH validation was under a completely different model than it is currently.
The current data - from 2023, not 2016 - now shows that ETH validation is somewhat more decentralized than BTC, if the numbers quoted are correct. A 9% difference among the top 4 of both blockchains doesn't really seem that significant either way.
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As a matter of concept, neither POS or POW has any inherent advantage insofar as decentralization. However the barrier to entry for mining BTC in a significant way is pushing out smaller players, leading to more centralization, and I don't see that trend reversing. ETH validation could suffer the same fate if the price of ETH rises; I suppose the point could be argued that POS can have a lower barrier to entry when pooling is considered, but that's not really what I was getting at.