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