Cryptocurrency Q&A
Is proof-of-stake really decentralized?
Is proof-of-stake really decentralized?
SilenceStorm
Thu Nov 14 2024
|
7 answers
2088
I'm curious about the decentralization aspect of proof-of-stake. I want to know if it's really decentralized or if there are any centralization concerns with this consensus mechanism.
7 answers
DaeguDivaDanceQueenElegance
Sat Nov 16 2024
However, mining activities have become increasingly consolidated.
Was this helpful?
316
42
ShintoMystic
Sat Nov 16 2024
Large mining companies now dominate the majority of the market.
Was this helpful?
163
98
BitcoinBaron
Sat Nov 16 2024
Proof of Stake enhances the decentralization of networks.
Was this helpful?
185
37
DongdaemunTrendsetter
Sat Nov 16 2024
This centralization undermines the decentralized nature of these networks.
Was this helpful?
394
68
DondaejiDelightfulCharm
Sat Nov 16 2024
Crypto miners have historically played a crucial role in proof of work networks.
Was this helpful?
248
32
Load 5 more related questions
