Why use POS over POW? Is this to have a more guaranteed future security for WOKE?
POW only works good under a huge decentralized system or else you run into malicious miners and problems, for most of crypto POS is a better alternative IMO.
- Uses way Less electricity, Way smaller footprint.
- Rewards people already holding the coin instead of outside miners who do not care about its future.
- Increases the incentives to Hodl.
- Faster Block Times.
- Less networking Issues from malicious miners.
- Easier to understand for newcomers.