Re:The Ethereum merge is done
by friendzis on Thursday September 15, 2022 @03:58AM
(#32848671)
> the more people that stake, the smaller the reward
In PoW reward is proportional to normalized "work". Reward is proportional to normalized amount staked. This very directly leads to wealth concentration.
Re:The Ethereum merge is done
by AgentME on Thursday September 15, 2022 @04:19AM
(#32848833)
In PoW, the "work" is just how much money the miner spends on mining hardware and electricity. Both PoW and PoS are cases where people with money invest that money and get a proportional reward. PoS just cuts out the hardware and electricity waste.
In PoW reward is proportional to normalized "work". Reward is proportional to normalized amount staked. This very directly leads to wealth concentration.