Proof of Work (POW)vs Proof of Stake (POS)

[Bobcrypto]

In the world of blockchain, consensus mechanism are the backbone of decentralize network, ensuring security, scalability, and efficiency. These two of the most prominent mechanism, the Proof of Stake and Proof of work has spark serious arguments on the community
Now, I need your thoughts because I believe that the Proof of work lead on high security, this is because it requires immense computational power reducing the risk of 51% attack.

[Themepen]

There is big debate between two methods Proof of Stake and Proof of Work. Both have good and bad points but I agree with you that PoW is more secure.

PoW needs lot of computer power which makes it hard for bad actors to attack network. They would need too many resources to try. This makes PoW safer than PoS which can be controlled by few people.

But we need to think about the downsides too. PoW uses a lot of energy and can not handle many transactions. PoS is faster and uses less energy but might not be as secure.

Choice between PoW and PoS depends on what network needs most. If security is top priority I think PoW is better choice.

[_act_]

But we need to think about the downsides too. PoW uses a lot of energy and can not handle many transactions. PoS is faster and uses less energy but might not be as secure.

Who gives you this wrong information? Or where did you read the wrong information from? PoW can be very fast in scalability. It depends on how it is programmed.

About the energy PoW is using. If only few people are using electricity and if electricity is not that important, most people will not use electricity and the people employed today at the electricity company will reduce thereby increase unemployment.

[KingsDen]

In the world of blockchain, consensus mechanism are the backbone of decentralize network, ensuring security, scalability, and efficiency. These two of the most prominent mechanism, the Proof of Stake and Proof of work has spark serious arguments on the community
Now, I need your thoughts because I believe that the Proof of work lead on high security, this is because it requires immense computational power reducing the risk of 51% attack.

It's a long aged argument in the industry, but you didn't tell us why we should engage in this argument now. Do you wish to launch a project and you are speculating among PoS and PoW, which to use?
If you need solution, between PoW and PoS, there's a connecting link. You can figure it out.

[Fivestar4everMVP]

In the world of blockchain, consensus mechanism are the backbone of decentralize network, ensuring security, scalability, and efficiency. These two of the most prominent mechanism, the Proof of Stake and Proof of work has spark serious arguments on the community
Now, I need your thoughts because I believe that the Proof of work lead on high security, this is because it requires immense computational power reducing the risk of 51% attack.

It's a long aged argument in the industry, but you didn't tell us why we should engage in this argument now. Do you wish to launch a project and you are speculating among PoS and PoW, which to use?
If you need solution, between PoW and PoS, there's a connecting link. You can figure it out.

Well, the thing is, PoS seem more like the modern blockchain mechanism or protocol, while PoW is more like an outdated version of the same, and this due to the flaw of PoW which mainly is based on its consumption of energy, and the expensive tools required for mining. The fact that PoW is more secure than PoS is not really a factor to consider for so many people, what most really care about is how environmentally friendly the protcol is, and if it works.

[Z-tight]

Pow is surely better than pos. Pos leads to centralized, the validators with the largest amount of staked coins have some kind of control over the network, it also has security issues as well. I.e. i would rather stick with BTC that uses the pow consensus mechanism, with a strong and secure network, that adopt pos coins that are centralized and less secure.

[Hatchy]

Well PoW offers strong security by requiring immense computational power yeah,which automatically makes it difficult to control the network but this comes at the cost of significant energy consumption and it raising concerns about environmental impact.

While PoS provides a more reliable option by securing the network through financial incentives, where validators risk their own funds if they act dishonestly. It also addresses energy concerns, it also introduces different security options

So we all know,Both pos and pow mechanisms have their strengths, and the debate continues as the community evolves.

[Tribalchief]

Pow is surely better than pos. Pos leads to centralized, the validators with the largest amount of staked coins have some kind of control over the network, it also has security issues as well. I.e. i would rather stick with BTC that uses the pow consensus mechanism, with a strong and secure network, that adopt pos coins that are centralized and less secure.

You've literally said what is needed to be said. What I also feel is that some of this developers who chooses PoS for their new altcoin project, try to minimize their Income and maximize profit. And it might also be that not everyone (developer) understand the PoW mechanism in full, especially the security difference between PoW and PoS.

PoW requires heavy computation, which results to consumption of energy, and regular upgrade or maintenance of computing device, which some of these developers or project founders can't keep up with due to the cost. So Inorder to minimize their spending, they go for PoS. Just as you've said, PoS leads to centralization, which makes it vulnerable for a single person (highest stakes) to perform chain reorganize. So, I don't really fancy the whole PoS thing in terms of stake, because there are literally some individuals that have massive stakes than others, putting the security of a blockchain at risk.

[philipma1957]

In the world of blockchain, consensus mechanism are the backbone of decentralize network, ensuring security, scalability, and efficiency. These two of the most prominent mechanism, the Proof of Stake and Proof of work has spark serious arguments on the community
Now, I need your thoughts because I believe that the Proof of work lead on high security, this is because it requires immense computational power reducing the risk of 51% attack.

It's a long aged argument in the industry, but you didn't tell us why we should engage in this argument now. Do you wish to launch a project and you are speculating among PoS and PoW, which to use?
If you need solution, between PoW and PoS, there's a connecting link. You can figure it out.

Well, the thing is, PoS seem more like the modern blockchain mechanism or protocol, while PoW is more like an outdated version of the same, and this due to the flaw of PoW which mainly is based on its consumption of energy, and the expensive tools required for mining. The fact that PoW is more secure than PoS is not really a factor to consider for so many people, what most really care about is how environmentally friendly the protcol is, and if it works.

All pos is subject to rug pull. The lack of safety for pos and stability is off the charts.

Now does it mean we should be all POW and out all POS no.

The world can support POW and use it as a proper way to create better power. The will of the world governments simply has not been geared to direct POW to be a power improvement tool.

The fact that POW can help with energy costs is ignored by most POS fans because POS can not help with energy costs the way POW can.
Making Hot water and steam for large cities happens constantly year round.  The same energy that makes to hot water and steam  could be use to mine and then make the hot water.

https://www.coned.com/en/about-us/how-we-source-our-energy/steam

con-ed has 5 plants in New York City they burn gas to heat the water into steam.

They could burn gas to run  steam turbines that make power to run generators to mine btc which would make heat  which would in turn make water easy to turn into steam for power plants.

I would estimate the con-ed plants alone could run 50% of the worlds btc mining and since you reclaim the heat when you cool the miners BTC or any other pow  is a true force for better energy use.



POS = a fail at this.  Which is why I do not like POS as no POS would force better use of energy in the manner I just described. I estimate that eth alone causes tons of pollution because it took the emphasis away for my heat recapture idea.

POS is  a simple lady way to avoid imposing the world. Which is what POW offers to us.

[bayu7adi]

It is proven that more people agree with the POW consensus type than POS, but seeing coins that use the POS consensus type makes me more open-minded, meaning that there are still those who like POS too.

For the benefit of the shared blockchain network, POW is fairer and safer ... while for personal or individual interests, POS is preferred by those who want to benefit themselves ... in general, I like the POW consensus mechanism which is really difficult to get a 51% attack ... while I also once crossed my mind to seek my own profit on ETH v2.0 where the POS system on ETH began to be planned, but I gave up on that intention and tried to remain firm on the best consensus type, which is POW.

[ABCbits]

This debate has been around for more than a decade. But i also believe PoW is generally more secure. PoS is rather vulnerable when few exchange or custodial service holds lots of such PoS coin. For example, few exchange performed hostile takeover on Steem blockchain[1], where their overall reputation seems to be unaffected.

[1] https://cryptoslate.com/big-exchanges-conduct-a-hostile-takeover-of-steem-blockchain-following-tron-acquisition/

[luckyledger]

It is proven that more people agree with the POW consensus type than POS, but seeing coins that use the POS consensus type makes me more open-minded, meaning that there are still those who like POS too.

For the benefit of the shared blockchain network, POW is fairer and safer ... while for personal or individual interests, POS is preferred by those who want to benefit themselves ... in general, I like the POW consensus mechanism which is really difficult to get a 51% attack ... while I also once crossed my mind to seek my own profit on ETH v2.0 where the POS system on ETH began to be planned, but I gave up on that intention and tried to remain firm on the best consensus type, which is POW.

Everybody's choice, really But from what I got on this thread, is that POW - safety and stability (in exchange for computing power), POS - more for speed and possibilities (for less energy), but more centralized and thus, - not preferable to some.

[hugeblack]

The main attack on POW comes from FUD Energy Energy Protection, but what are these sounds began to be afraid for what he sees
 The user is to see it is a guarantee that his currencies are safe so Pow is the best, and POS has cases of use, but in general, unlike Irium I do not see a realistic application.

[luckyledger]

The main attack on POW comes from FUD Energy Energy Protection, but what are these sounds began to be afraid for what he sees
 The user is to see it is a guarantee that his currencies are safe so Pow is the best, and POS has cases of use, but in general, unlike Irium I do not see a realistic application.

I agree that users don't really see that downside of POW, however, it's still there, and, in the long run, is a pretty big deal In my opinion.

[Ricardo11]

I agree that users don't really see that downside of POW, however, it's still there, and, in the long run, is a pretty big deal In my opinion.

Are you just making small baseless posts like this to increase the activity to up your rank?

Today you have made a total of 21 posts, and most of the posts are very small and baseless.