Is there a single key factor in the difference between the assurances in PoS vs PoW? The knowledge and proof that there is a real world, inescapable cost to both producing the currency, & editing the chain history - unforgeable costliness. Learn about this, the private keys attacks that risk entire contesting histories in PoS systems, and to the nothing-at-stake problem. This and more in today's read!
Check out the original (hit that applause button) plus the other great pieces Hugo has on his Medium page!
https://medium.com/@hugonguyen/proof-of-stake-private-keys-attacks-and-unforgeable-costliness-the-unsung-hero-5caca70b01cb
For a deeper dive into unforgeable costliness, listen to the absolute essential read, by Nick Szabo, "Shelling Out, The Origins of Money."
https://anchor.fm/thecryptoconomy/episodes/Shelling-Out---The-Origins-of-Money-Nick-Szabo-e2ndom
If you want to support the tons of work in making audio versions and expanding on all the best written works around Bitcoin and the Cryptoconomy, become a patron below!
https://patreon.com/thecryptoconomy
"The consensus is what matters. The breakthrough of proof-of-work and the difficulty adjustment is far more about harnessing energy and existing communications infrastructure to ...
"ION will decentralize the way that messages and application data is encrypted and exchanged." - ION Announcement With the help of Casa and a...
"I’ve done an overall analysis of the proposal by addressing seven different sections of where FinCEN is attempting to infringe on your rights. From...