Author

Topic: Can anyone explain to me how ETH will switch to PoS without a fork? (Read 196 times)

legendary
Activity: 1498
Merit: 1030
You are making a bad assumption - the assumption that there will be no fork when Proof of Stake is implemented.

 Forks don't always result in "new coins" - Bitcoin has had a FEW forks in it's lifetime to fix issues, most of which did NOT involve "new coins" being spawned off.
sr. member
Activity: 700
Merit: 294
Forking doesn't always create a new coin.  If the consensus moves to POS, then that is Etherium.  Those that stick with the old protocol will be mining invalid hashes on the etherium network.
newbie
Activity: 84
Merit: 0
I'd like to know too
newbie
Activity: 24
Merit: 0
newbie
Activity: 20
Merit: 0
Im half expecting it to become Ethereum New, and then Ethereum Classic will rebrand as Ethereum, at which time Ethereum New will rebrand as Ethereum Best.
jr. member
Activity: 127
Merit: 1
http://fpgadeck.com/
newbie
Activity: 5
Merit: 0
Hi,

I am trying to wrap my head around the switch ETH is planning to do from Proof of work to Proof of stake. How in the world -if it's a decentralized network- can the ETH founder just change the protocol of mining ethereums at his will? Isn't that the whole main reason there are forks (and consequently creates a totally new cryptocurrency?).

How is ethereum changing to Proof-Of-Stake without creating a new cryptocurrency??


Can anyone help me understand this?

Thanks!
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