But I'm not sure what that has to do with PoS. We ... @QuipTalk

Asked 1078 days ago
Viewed 89 times
0

But I'm not sure what that has to do with PoS. We weren't talking about PoW

asked 1078 days ago

1 Answers

Answer2:The main difference between PoS and PoW is that in PoS the validators are rewarded for staking their coins, while in PoW the miners are rewarded for verifying and validating transactions. In PoS, the validators are selected based on their stake, which is the amount of coins they have in the network. This means that those with more coins have a higher chance of being selected as a validator. This can lead to centralisation of the network if a small number of validators control a large amount of the coins. This is why it is important to have a well-designed PoS system that incentivises decentralisation and prevents centralisation.
answered 1078 days ago
0
PoS and PoW are both consensus mechanisms. The stake in a PoS network can be imagined as the hash rate in a PoW network. If the hash rate or the stake can be controlled by a few centralised validators it’s not good for any network (doesn’t matter if PoS or PoW)
answered 1078 days ago

Subscribe to our newsletter

* indicates required

Thank you for subscribing!