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Comment by dmix

For people who don't know what this is (like me), they have a good FAQ explaining "Proof of Stake" vs "Proof of Work":

> In proof of work (PoW) based public blockchains (e.g. Bitcoin and the current implementation of Ethereum), the algorithm rewards participants who solve cryptographic puzzles in order to validate transactions and create new blocks (i.e. mining). In PoS-based public blockchains (e.g. Ethereum's upcoming Casper implementation), a set of validators take turns proposing and voting on the next block, and the weight of each validator's vote depends on the size of its deposit (i.e. stake). Significant advantages of PoS include security, reduced risk of centralization, and energy efficiency.

https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ

parent dmix 8 years ago

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