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Bitcoin Mining Is an Oligopoly, and Proof-of-Stake Isn’t Any Better

July 26, 2023
in Crypto Updates
Reading Time: 1 min read
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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 normally, this can enhance prices to miners and validators, lowering 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 price for miners could be greater with greater blocks, however charges could be decrease. Who received out?

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Tags: BitcoinIsntMiningOligopolyProofofStake
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