Cryptocurrency Q&A
What is one disadvantage of proof of stake?
What is one disadvantage of proof of stake?
lucas_jackson_pilot
Thu Feb 06 2025
|
7
answers
1729
I am exploring the cons of different blockchain consensus mechanisms. Currently, I am interested in understanding the potential downsides of the proof of stake model and its impact on the overall blockchain network.
7 answers
Thunderbolt
Sat Feb 08 2025
This approach raises concerns about the democratization of the process.
Was this helpful?
369
35
Davide
Sat Feb 08 2025
One significant drawback in certain systems is the method of selecting validators.
Was this helpful?
137
64
GwanghwamunGuardian
Sat Feb 08 2025
Specifically, validators are often chosen based on the amount of money they possess.
Was this helpful?
367
79
Lorenzo
Fri Feb 07 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services to users.
Was this helpful?
312
64
Giulia
Fri Feb 07 2025
According to Mulligan, Proof of Stake may lack the democracy present in Bitcoin.
Was this helpful?
67
52
Load 5 more related questions
