Post
Topic
Board Bitcoin Discussion
Re: Proof of stake criticism
by
zasad@
on 16/07/2021, 17:37:55 UTC
So Bitcoin has always used proof of work as did Ethereum.  But with Ethereum switching over some of us must be thinking of the possibility of Bitcoin doing so as well at some point.  With that in mind I wanted to revisit this topic as I remember there being a lot of criticism of proof of stake with the arrival of the first coins to start  using it, but I don't recall the specifics.
One thing is we know that with proof of stake no actual work is required for the validation which secures the blockchain.  Is this a concern or does it not really matter? What do you think are the other risks or concerns?
https://beaconcha.in/validators
If you are talking about Ethereum 2.0, then this is the most decentralized blockchain to date, with more than 190,000 validators.
Validators are selected using a special algorithm for each block and each epoch. Then these plots are checked by other wappers (they are called attestators), which are also selected using a special algorithm.
Not all POS algorithms are the same, you need to study each algorithm to draw conclusions.