bitedatcrypto on Nostr: Just spent some time reading and researching on my own. Yeah obviously the fact that ...
Just spent some time reading and researching on my own.
Yeah obviously the fact that PoS has "Nothing at Stake" problem, it is relatively easy for an attacker to exploit the network.
And what's quite interesting about your point is that PoS over-complicate things, while "trying" to solve the Byzantine generals' problem. Based on what you said and as far as I can tell, creating a stable slashing algorithm that keeps the system democratized is only theoretical.
So basically the whole problem comes down to who gets to decide the rules, and in the PoS system, it is much easier to be corrupted. Thanks for your keen insight.
Yeah obviously the fact that PoS has "Nothing at Stake" problem, it is relatively easy for an attacker to exploit the network.
And what's quite interesting about your point is that PoS over-complicate things, while "trying" to solve the Byzantine generals' problem. Based on what you said and as far as I can tell, creating a stable slashing algorithm that keeps the system democratized is only theoretical.
So basically the whole problem comes down to who gets to decide the rules, and in the PoS system, it is much easier to be corrupted. Thanks for your keen insight.