Post
Topic
Board Altcoin Discussion
Re: PoW to PoS question
by
chaoscoinz
on 14/01/2020, 11:37:21 UTC
Is Proof of Work is going to lose popularity compared to Proof of Stake? Ethereum is going to PoS. Angry
Is there going to be a lot of hash (computational) power idle because of shifting to PoS?  Sad
Where that power be used then? Will it address such decentralized computing projects as Golem, Storj, Sia, etc?  Cheesy
I think that Proof of Work needs a serious revamping including a more energy efficient and greener outlook or it will be lost to better consensus algorithms like Proof of Stake and Delegated Proof of Stake. Today Proof of work mining leads to centralization due to the cost it takes to run a rig decent enough to make a profit. I think Satoshi knew Proof of work wasn't sustainable enough to secure his vision so he made the project open source in hopes of someone adding to the code or using his genius to create another.