Proof of Work vs Proof of Stake: Conclusion - Deepstash

Proof of Work vs Proof of Stake: Conclusion

Thanks to a PoS system validators do not have to use their computing power because the only factors that influence their chances are the total number of their own coins and the current complexity of the network.

So this possible future switch from PoW to PoS may provide the following benefits:

  1. Energy savings;
  2. A safer network as attacks become more expensive: if a hacker would like to buy 51% of the total number of coins, the market reacts by the fast price appreciation.

26

103 reads

CURATED FROM

IDEAS CURATED BY

sabin

Building @deepstash

The idea is part of this collection:

Introduction to Web 3.0

Learn more about crypto with this collection

The differences between Web 2.0 and Web 3.0

The future of the internet

Understanding the potential of Web 3.0

Related collections

Similar ideas to Proof of Work vs Proof of Stake: Conclusion

Proof of stake

Similar to Proof-of-work, Proof-of-Stake is a consensus mechanism which underpins security of the blockchain by preventing doubles...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates