Saturday, June 5, 2021

'Fiat-Like' Proof-of-Stake Chains Favor Centralization & Rich Players

'Fiat-Like' Proof-of-Stake Chains Favor Centralization & Rich Players: The threat of the financial system’s ability to acquire an unlimited stake shouldn’t be neglected. Buying up ETH doesn’t give validators or stakers unilateral control over the network. The largest existing holders will grow even richer with PoS.

'Fiat-Like' Proof-of-Stake Chains Favor Centralization & Rich Players

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