Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Vitalik: PoW is also quite centralized. PoW is just a temporary phase before moving to PoS

Vitalik: PoW is also quite centralized. PoW is just a temporary phase before moving to PoS

Vitalik Buterin2024/04/26 07:52
By:Vitalik Buterin

According to Golden Finance, Ethereum co-founder Vitalik Buterin said on social media that PoW is also quite centralized. It’s just not discussed much because everyone knows that this is just a temporary phase before switching to PoS. This does not include how we can avoid using application-specific integrated circuits (ASICs) because the upcoming PoS switch means there is no incentive to manufacture them.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

XRP Surges 14%, Nears $1.70 as Bulls Eye $2 Mark

The rally began in November after Republican election wins boosted confidence in US-linked tokens like Ripple-backed XRP.

Cryptotimes2024/11/29 21:55