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That may be a excellent query. I used to be truly a proof-of-work maximalist earlier than designing the spiderchain, however I noticed {that a} proof-of-work on a second layer truly does not make loads of sense. So, I appeared into proof-of-stake and browse all of the completely different white papers. In 2022, when Ethereum merged to proof-of-stake, there have been loads of Bitcoiners, together with Jack Dorsey, who had been retweeting this text about why proof of stake is insecure. So, I learn the article. Every of the arguments in it had been truly solved should you construct with proof-of-stake on a second layer. Let me go shortly over the arguments. Primary is the financial argument. Proof-of-work is a leaking system and proof-of-stake is a closed system. That implies that proof-of-work has a decentralizing pattern. It’s worthwhile to pay for the electrical energy, so worth leaks out of the system. Bitcoin, over time, turns into increasingly more decentralized, as a result of that worth leaks out into the true world. Proof-of-stake is the other. It truly has a centralizing pattern. The stakers get a much bigger and greater portion of the overall 100% share of the belongings over time. As a layer one, as a forex, that does not make loads of sense.
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