Re:Ethereum just activated its ‘London’ hard fork
by seanhunter on Thursday August 05, 2021 @01:24PM
(#28076763)
PoS should be less centralized than PoW as I understand it. At least in Ethereum if you stake your 32 ETH then you get transactions to validate assigned to you randomly. You don't need a purpose-built rig with a ton of hash power to compete so smaller players are incentivized to participate, leading to a far greater incentive to run a node.
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Re:Ethereum just activated its ‘London’ hard fork
by fouric on Thursday August 05, 2021 @01:34PM
(#28076925)
> You don't need a purpose-built rig with a ton of hash power to compete
But you do need ETH in the first place, and the more the better. This seems like it still disincentivizes smaller players.
Re:Ethereum just activated its ‘London’ hard fork
by jl2718 on Thursday August 05, 2021 @02:53PM
(#28077929)
Different strategies. ETH PoS is about distributing a consensus state. Bitcoin PoW is about hardening a deterministic state.
Re:Ethereum just activated its ‘London’ hard fork
by boring_twenties on Thursday August 05, 2021 @08:25PM
(#28081823)
Yeah but 32 ETH costs $90,000. A lot more than a minimally profitable mining rig.