Bitcoin Mining Is an Oligopoly, and Proof-of-Stake Is not Any Higher

by Jeremy

Right this moment PoW and PoS blockchains have conflicting pursuits between miners/validators and community customers. Customers would profit from sooner and cheaper transactions, however generally, this can enhance prices to miners and validators, decreasing their income. A model of this battle got here up throughout Bitcoin’s Blocksize Struggle, the place some argued to extend the quantity of information in a mined Bitcoin block, theoretically making transactions sooner and cheaper. The corresponding value for miners can be greater with greater blocks, however charges can be decrease. Who received out?

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