Cryptocurrency Q&A
What is the disadvantage of proof of stake?
What is the disadvantage of proof of stake?
IncheonBeauty
Wed Feb 05 2025
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5
answers
1220
I'm curious about the downside of the proof of stake mechanism. I've heard it's more environmentally friendly and efficient, but there must be some drawbacks. What are they?
5 answers
CryptoTrader
Fri Feb 07 2025
One significant drawback in certain systems is the method of validator selection.
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emma_anderson_scientist
Fri Feb 07 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to various needs. Its offerings include spot trading, futures trading, and a secure wallet, among others. These services make BTCC a one-stop destination for cryptocurrency enthusiasts.
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CherryBlossomFall
Fri Feb 07 2025
Specifically, validators are often chosen based on the amount of money they possess.
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ZenBalance
Fri Feb 07 2025
This approach raises concerns about the democratic nature of such systems.
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Caterina
Fri Feb 07 2025
According to Mulligan, Proof of Stake, in many instances, may not be as democratic as Bitcoin.
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