proof of stake

“Ethereum is migrating to what's called a proof of stake, so it won't be doing proof of work mining and using all of this energy.”

“So I think when we see proof of stake, we're going to start to see kind of more inclusive ways to create decentralized organizations that lots of people can participate in.”

“So what you can do with a dark DAO is start a staking pool where I say, like, you know, let me do my algorithmic trading and decide what order of transactions makes me the most money. You don't necessarily care if someone who's doing a transaction on a DEX get…”

“Now the cost of actually participating in consensus and making the entire network work in real terms comes down dramatically. And it's just as secure, or at least theoretically can be made just as secure. And that's a controversial statement, but I will sort o…”

“There's a reason that every, you know, I think 2017 was a major year of fundraising. And 2019 is a major year of launches, and there's a reason that every blockchain that's launching today is mostly using proof stake.”

“The second thing is that if you attack a proof of stake network, mitigation of the attack after it happens is significantly easier. So if you, come in with, you know, 51% of the coins, and in, in most proof of stake, it's actually 34% of the coins is enough to…”

“You just simply can't have, ah, like sub-second transaction finality in a proof of work system. Like, so Bitcoin, like you really need to wait, you know, each block is 10 minutes, and it has to do with the coordination among the network, and the network propag…”