PoS networks could have inherent governance problems

2020-2-19 23:30

As environmentalists continue to criticize Bitcoin’s proof-of-work (PoW) consensus algorithm for using too much energy, proponents of delegated proof-of-stake (DPoS) have come forward, touting its aThe post PoS networks could have inherent governance problems appeared first on AMBCrypto.

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Источник: ambcrypto.com

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Фото:

An Introductory Guide to Staking Cryptocurrencies

Similar to traditional financial ecosystem where strict guidelines govern the way new fiat currencies are minted by central banks, the decentralized world of blockchain-based cryptocurrencies have several consensus algorithms (proof-of-work (PoW), proof-of-stake (PoS), delegated-proof-of-stake (DPoS), and others which leverage different principles to mint new coins, secure a distributed ledger and partake in governance.

2019-4-8 17:00


PR: ExCraft Launches DAO, User-Governed Cryptocurrency Exchange

Hong Kong, 10 August 2018 – ExCraft, a cloud-native cryptocurrency exchange based in Hong Kong that implements a DAO governance ran by the users and pools, was launched today. ExCraft stands out by being a community and pool focused exchange, rewarding traders through a combination of “Proof of Existence” (PoE) and “Proof of Stake” (PoS) mechanisms, allowing power-users to create pools, vote for new project listings, and even create dedicated pool exchanges based on its immutable and fair PoE and PoS meritocracy.

2018-8-10 12:30


Фото:

Governance, Part 2: Plutocracy Is Still Bad

Coin holder voting, both for governance of technical features, and for more extensive use cases like deciding who runs validator nodes and who receives money from development bounty funds, is unfortunately continuing to be popular, and so it seems worthwhile for me to write another post explaining why I (and Vlad Zamfir and others) do not consider it wise for Ethereum (or really, any base-layer blockchain) to start adopting these kinds of mechanisms in a tightly coupled form in any significant way.

2018-7-21 23:03


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