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A comment on Proof of Work Without All the Work. Parent comment

Re:Proof of Work Without All the Work by mtrycz on Monday August 07, 2017 @09:58AM (#14947465)
There's more than one Proof of Stake cryptocurrency, and Ethereum does want to go PoS sometime.

PoS have been around for 3 (maybe 4?) years by now.

Proof of Stake is quite genius in the politics of it, and the power needed to run is minimal (you still need to keep your hardware powered on)

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Re:Proof of Work Without All the Work by GordonS on Monday August 07, 2017 @11:04AM (#14947990)
Can you give a short summary of how PoS works?
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Re:Proof of Work Without All the Work by lloyd-christmas on Monday August 07, 2017 @11:06AM (#14948010)
Not a personal summary, but this is Ethereum's FAQ:

https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ

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Re:Proof of Work Without All the Work by GordonS on Thursday August 10, 2017 @02:55PM (#14982916)
So... the more Ether you lock up, the more Ether you stand to gain; sort of like having a higher chance of winning the lottery if you buy a lot of tickets?
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