Author

Topic: If you have ETH or you´ll have, this cares you. (Read 81 times)

member
Activity: 317
Merit: 81
Next to Full Member Rank.
Right now the Ethereum team is analyzing the Blockchain Ethereum´s consensus change and they said it is ready for a community review. This means they will fork the network from PoW to PoS or the first hybrid blockchain in the network. This is the link: https://www.coindesk.com/the-code-for-ethereums-consensus-change-is-now-ready-for-review/

What we can expect from this change?
1. More security, if any attacker want to infringe the network or to make a 51% attack, that person should have too much money.
2. Some users can lose their rewards if they don´t follow the consensus rules.
3. Obviously with a change will be many things are omitted, this means weakness, so by this time that change will pass by a community review, what it means more people talking about ETH.

I posted this thread into the Spanish section but I have realized, there is not the same intensity in participation with the spanish-talkers, so, I want to read quotes in this section, by that way we can feedback ourselves.

 * What do you think about this change?
 * Are you agree?
 * This change can improve the network right now?

Please, let us your opinion. Smiley


PSDT: I know too much people know about technical data respect to the technology but there are also people starting in this "world". So, those people with too much knowledge make more difficult when they explain about PoS or PoW. And here below I will write it to understand it simply.

PoW: Proof of work -> Your chance to find the next block for mining is proportional to your CPU power (processing capacity).
PoS: Proof of Stake -> Your change to find the next block for mining is proportional to the amount of coins you are holding. (more coins, more opportunities to have rewards)
Jump to: