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Will Proof Of Stake Blockchains Fail ?

proof of stake POS blockchain blockchain

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#1 SuperTramp

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Posted 24 May 2015 - 11:33 AM

Interesting take on proof of stake blockchains:

 

"Proof-of-Stake (PoS), when it was first released by Peercoin and then used by Nxt, seemed to be a solution. In Proof-of-Stake, someone's chance of getting a block depends on how much stake they have so in order for someone to get more than 50% of the forging power (“forging” is the process by which new blocks are made just like “mining” but the exact method in PoS is different so it was given a different name for Nxt), they would need to control more than 50% of the coins in existence."

 

cointelegraph.com/news/the-failure-of-proof-of-stake-blockchains


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