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The Crypto Basic
2022-09-12 10:19:56

Ethereum Founder Vitalik Buterin Smashes PoW, Says It Penalizes Miners with Low Hashpower

Ethereum Founder Vitalik Buterin Smashes PoW, Says It Penalizes Miners with Low Hashpower

  Vitalik Buterin argues that PoW mechanism punishes miners with lower hashpower. Despite the former promising more energy-efficient solutions and better throughput, the Proof-of-Stake consensus mechanism and Proof-of-Work consensus mechanism have been the subjects of an age-old debate in the crypto community. Some PoW proponents – especially Bitcoin maximalists – have taken to baring certain […]The post Ethereum Founder Vitalik Buterin Smashes PoW, Says It Penalizes Miners with Low Hashpower first appeared on The Crypto Basic.

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