MultiversX Tracker is Live!

If you are a whale: is proof of work or proof of stake better?

All Cryptocurrencies

by COINS NEWS 136 Views

I would suspect proof of stake is more valuable to a whale than proof of work. But that’s just an instinct. I doubt that they are comparable.

In proof of work - you had to translate money into hardware (thus stimming the Econ) where with proof of stake it’s just directly money: no economic stimulus via hardware purchases…

So POW had inherent wealth transfer from the wales into the economy via hardware purchases - POS has no such mechanism…

So while sure: power usage is a concern - this feels like admiral ackbar is going to shout something about price manipulations (especially by the rollable back{centralized/bank controlled}etherium)

submitted by /u/bass1012dash
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments