Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BLK/BC) | PoS | No premine | No IPO
by
PremiumCodeX
on 24/03/2017, 07:56:14 UTC
They're good questions. PoS is maturing, ETH is likely to switch at some point. Centralisation isn't unique to PoS, there are many prominent BTC miners with a good chunk of hashpower and then Satoshi himself still has a million coins don't forget! I'd argue the distribution for BLK is especially good given its age and history of trading, so while both PoS and PoW present potential for centralisation, we have that one enormous advantage of almost zero energy consumption (in comparison). Many BTC advocates would cite that as a weakness; the proof of work has to be an exchange of energy for security. Well, BLK is still standing strong for over 3 years purely PoS and have not been successfully attacked, so make of that what you will.

I think the world can cope with both existing and I hope BLK continues to set the bar for a model PoS only coin as it did back in 2014.

So, can we claim that PoW coins have their security depend on energy while PoS coins are secure energy-independent?

Having energy-independence could be a security advantage.

Could you send a few of the articles that back this thought up?

As you may know, I am writing a research including blockchain technologies and I have to compare PoS to other categories.

BLK could be an excellent example that demonstrates PoS advantages...