Re:Lets talk about blockchains
by bfung on Thursday April 28, 2022 @03:31PM
(#31197138)
Is PoS actually decentralized?
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| on HN ]
It depends on which PoS algorithm you look at, but some of them are generally considered to be as "decentralized" as PoW in terms of the security properties they give to their network under adversarial conditions.
Re:Lets talk about blockchains
by benlivengood on Thursday April 28, 2022 @06:53PM
(#31199241)
Is PoW actually decentralized? It's more like multi-witness because miners aren't able to see the block they're working on and validate it before submitting back to the pool operator and they can only trust the pool to keep paying out rewards through non-blockchain means.
In ideal worlds as designed for PoW and PoS everyone has roughly an equal stake and equal incentives. Reality differs.