Ethereum: PoW or PoS? | Bitcointalksearch.org

greyeye

newbie

Activity: 55

Merit: 0

Quote from: treather on October 19, 2017, 05:47:15 AM

It still isn't clear to me how to verify a transaction in pos, has that been clarified? I will be nice if this is made clear or if someone points me to a thread that explains it. Thanks in advance.

in POW you perform a complex calculation (hashing) to try to find matching numbers, when its found you can claim the block has been "mined" and receives a reward with it.
in POS, you perform a complex calculation, but difficulties is much lower, while ANYONE can attempt mining in POW, POS, only people with coins in their wallet can attempt to mine when their turn is up. (coin maturity)
I dont know how Ethererum's POW would be implemented, but general logic should be similar.

Problem is.. POW benefits big hashing power owners (pools, miners with lot of rigs) POS, people with large sums of coins in their wallet wins over smaller wallet.
Neither POW, POS are perfect but each with their own benefits.

fireblond

full member

Activity: 200

Merit: 100

Thrive

I'm a big supporter of POS, as long as the rates are reasonable for staking..

treather

full member

Activity: 266

Merit: 102

It still isn't clear to me how to verify a transaction in pos, has that been clarified? I will be nice if this is made clear or if someone points me to a thread that explains it. Thanks in advance.

k3006

member

Activity: 71

Merit: 10

there are rumours for over 1 yeat that they will switch from pow to pos......after the fork a few days ago i read an article. they still can not say when the switch will happen. so imho pow will be there at least till mid 2018

OliverChassa

jr. member

Activity: 38

Merit: 2

I have been reading about the intention of Ethereum creator to shift from Proof of Work to Proof of Stake. I have also been reading about the pros ans cons of it, and I was wondering how it will be implemented. I mean, those who invested in hardware might not support the idea, or others might have other ideas...That's what comes out from that article https://www.coindesk.com/new-classic-protesters-already-plotting-alternative-ethereums/ with Ethereum Vega, Etherite, maybe some developers having other ideas...

Is Byzantium a way to start convincing ethereum miners that PoS will be a better pay than current PoW?

And since PoS is getting a lot of fans, then I wonder why the value of the coins using that protocol isn't increasing that much?

How do you see it?

Topic: Ethereum: PoW or PoS? (Read 386 times)