Post
Topic
Board Bitcoin Discussion
Topic OP
Issues with Proof-of-Work
by
aidoyoh
on 26/01/2023, 05:41:12 UTC
after doing dev work with ethereum and bitcoin it seems that both consensus options are blatantly fairly flawed. POW has obvious scaling issues and POS seems like a bandaid solution with wealthy people automatically being allocated more currency through an infinitely compounding cycle. Is the crypto/blockchain community not open to new type of consensus? It seems like POW and POS just keep getting updated rather than addressing the real issue and switching base mechanisms. Do others just not see issues with POW or POS?