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RE: Why Proof of Stake?

in #cryptocurrency7 years ago

Definitely agree. Both in the eyes of regular consumers, and bigger institutions; Proof of Stake seems like the correct approach. This is why I keep warning fellow crypto-enthusiasts; everyone is approaching this as a game almost; however there are big differences between those models.

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Yeah. For a deflationary currency, Proof of Stake could be disastrous, but it is very useful for currencies that increase in supply over time. I am glad that Proof of Work currencies exist, but Proof of Stake seems like it has much more potential for success.