Why I Dislike Proof of Stake | Etherean.org

Proof of stake significantly reduces the energy consumed by cryptocurrency mining, but at what cost? Consensus will still depend on huge datacenters, not on devices operated by everyday people.

Polkadot, NEAR Protocol, Ethereum 2, and many other high profile, modern blockchain platforms are choosing Proof of Stake (PoS) over Proof of Work (PoW), the original consensus mechanism that powers Bitcoin and Ethereum. This is understandable as PoS is not without merits and addresses some existing blockchain frustrations and limitations...

This is a companion discussion topic for the original entry at https://www.etherean.org/blockchain/consensus/2020/06/27/why-i-dislike-proof-of-stake.html