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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 quite a lot of sense. So, I seemed into proof-of-stake and browse all of the totally different white papers. In 2022, when Ethereum merged to proof-of-stake, there have been quite a lot of Bitcoiners, together with Jack Dorsey, who have been retweeting this article about why proof of stake is insecure. So, I learn the article. Every of the arguments in it have been truly solved in case 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 signifies that proof-of-work has a decentralizing development. 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 actual world. Proof-of-stake is the other. It truly has a centralizing development. The stakers get an even bigger and larger portion of the whole 100% share of the belongings over time. As a layer one, as a foreign money, that does not make quite a lot of sense.
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