Quote:
Originally Posted by $5 submissions
You're saying PROOF OF STAKE is more decentralized than POW?
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PoW/Bitcoin is clearly more decentralized than any PoS.
https://river.com/learn/proof-of-wor...proof-of-stake
Quote:
Proof-of-Stake is presented as an improvement over Proof-of-Work because it does not require hardware or energy consumption. Proof-of-Stake has a stronger tendency to centralize and concentrate token ownership to large holders. Its security guarantees are therefore weaker than Proof-of-Work.
Proof-of-Stake has a stronger tendency to centralize and concentrate token ownership to large holders. Its security guarantees are therefore weaker than Proof-of-Work.
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A few good reads:
https://seekingalpha.com/article/449...proof-of-stake
https://zycrypto.com/ethereum-becomi...-pundits-warn/
https://www.lynalden.com/proof-of-stake/#proof (Lyn Alden is a genius, this article of hers is pre-ETH merge to PoS, but still interesting read)
PoW/Bitcoin protocol value's decentralization as #1, because being decentralized is what will allow it to exist for a very VERY long time. PoS protocols seem to value decentralization at #2 or even less
“The decentralization of a network is a secondary, if not forgotten, measure in this decision-making process.” - Noah Buxton, regarding ETH.
https://decrypt.co/111485/has-proof-...re-centralized
^^ this is true.
History shows that centralization can lead to the destruction (or non existence) of a crypto. So keeping a crypto decentralized is of upmost importance, and Bitcoin's protocol is the only one of all crypto that strives for that.