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EOS Forum / Re: Is POW safer than POS ?
« on: October 02, 2018, 11:57:20 AM »
In case of money related services, every computer wants to have maximum security protection from the potential hackers.
Due to the disincentives in the PoW system, it becomes unattractive to bad actors and has exited. Attacking a PoW network is not cheap, and one might end up spending more than he can steal.
The PoS algorithm needs better protection as it is cheaper to attack. The deposits of the validities serve as collateral, and if they go against the rules and create an invalid block, they will lose their deposit. Both are pretty much safe to be used.
But the PoS system still has the upper hand due to the collateral involved.
Due to the disincentives in the PoW system, it becomes unattractive to bad actors and has exited. Attacking a PoW network is not cheap, and one might end up spending more than he can steal.
The PoS algorithm needs better protection as it is cheaper to attack. The deposits of the validities serve as collateral, and if they go against the rules and create an invalid block, they will lose their deposit. Both are pretty much safe to be used.
But the PoS system still has the upper hand due to the collateral involved.