5 ms·

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 S

by mtrycz 9y ago

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)

GordonS 9y ago
Can you give a short summary of how PoS works?
- lloyd-christmas 9y ago
  Not a personal summary, but this is Ethereum's FAQ: https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ
  - GordonS 9y ago
    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?