Re:Delaying the Inevitable: Muir Glacier and the Ethereum Di...
by Analemma_ on Friday January 03, 2020 @02:27PM
(#21949409)
Proof-of-stake is cryptocurrency's fusion power: perpetually "less than a year away"; it's the technology of the future and always will be.
[ Parent
| on HN ]
Re:Delaying the Inevitable: Muir Glacier and the Ethereum Di...
by Semaphor on Friday January 03, 2020 @03:00PM
(#21949719)
What are the problems with current PoS systems? Not being glib, seriously interested as there are at least a few that implement some kind of Pos (for example dPoS with Ark)
Re:Delaying the Inevitable: Muir Glacier and the Ethereum Di...
by leppr on Friday January 03, 2020 @03:49PM
(#21950193)
Permissioned networks are a very much easier setting to design a consensus protocol for than public ones.
Describing a consensus algorithm as "Proof of Stake" simply means it uses some kind of stake to secure its decisions, this doesn't say anything about the assumptions it starts from.
Existing "PoS" blockchains don't have the same decentralization goals as Ethereum.
Re:Delaying the Inevitable: Muir Glacier and the Ethereum Di...
by yodsanklai on Friday January 03, 2020 @03:57PM
(#21950271)
> Existing "PoS" blockchains don't have the same decentralization goals as Ethereum.
What about Cardano and Tezos? aren't they decentralized PoS blockchains?
Re:Delaying the Inevitable: Muir Glacier and the Ethereum Di...
by ddrdrck_ on Saturday January 04, 2020 @02:49PM
(#21956991)
And Cosmos
Re:Delaying the Inevitable: Muir Glacier and the Ethereum Di...
by exdsq on Friday January 03, 2020 @07:10PM
(#21951726)
“Existing ‘PoS’ blockchains don't have the same decentralization goals as Ethereum.”
What makes you think this?
Re:Delaying the Inevitable: Muir Glacier and the Ethereum Di...
by Semaphor on Friday January 03, 2020 @04:37PM
(#21950648)
How is Ark less decentralized?
Re:Delaying the Inevitable: Muir Glacier and the Ethereum Di...
by im3w1l on Friday January 03, 2020 @09:05PM
(#21952265)
From my understanding, the issue with PoS is that if a chain forks you can mine both sides without penalty. A consequence of this is that if someone wants to retroactively create a fork that starting from a block a few years ago, then people could do a few years worth of mining of this fork in an instant. And it wouldn't be possible to tell these two chains apart cryptographically. With PoW it would be computationally expensive to pull such a stunt.
Re:Delaying the Inevitable: Muir Glacier and the Ethereum Di...
by SkyMarshal on Friday January 03, 2020 @03:50PM
(#21950201)
Not exactly, it's here and technically working in multiple production blockchains, it's just less secure than Proof-of-Work. So it depends what your definition of "works" is.