Posts

RE: Ethereum's move to POS - Why it makes ETH much less safe

avatar of @chekohler
25
@chekohler
·
·
0 views
·
1 min read

A solid summary of the whole move over and some of the issues facing the network and the miners. I think the move to POS isn't just for scaling or lowering energy use but to easily merge ETH with the traditional financial rails, exchanges will be the biggest validators, which are all companies that can be acquired, setting up a validator to compete is all just about acquiring stake and then letting that stake rent seek in perpetuity, apart from slashing there isn't really a force that can knock you off your perch, so there's no free market competition in POS

Posted Using LeoFinance Beta