Quote from: Novatech8 on September 05, 2019, 03:09:17 PM

Quote from: staking on September 05, 2019, 02:04:43 PM

PoW (Proof of Work)

PoS (Proof of Stake)

The most popular consensus mechanisms.

Proof of Stake protocols are gaining traction.

What about you, personally?

Are you mining, are you staking, or are you doing both? And why?

I told my friends that few projects are already leaving POW behind nd moving to POS for a reason that is unknown but i believe these projects devs must have a good reason for switching if not?why would they switch?

My experience with Prove of staking is easier and convenient than Prove of work to me,the reward is no doubt very low than mining PoW coins but all the same you can upgrade your POS rewards by buying more coins to add to your wallet for staking,if you have the money to build a mining farm why not consider POS instead? its more easier than POW

Staking is actually easier just as creating tokens is easier than building your own Blockchain.
I think proof works need new ideas & fine tuning and not discarding it. Proof of stake can easily be centralized and there are some other disadvantages. I wonder if you guys ever consider that kyc could make staking less anonymous in the future.