pierwagenmans
10 months ago  Karma: 40
Why exactly is staking expected to work better than mining for Ethereum?

Why exactly is staking expected to work better than mining for Ethereum?

en
ethereum
#staking
mining
pierwagenmans
10 months ago  Karma: 40
Why exactly is staking expected to work better than mining for Ethereum?

Why exactly is staking expected to work better than mining for Ethereum?

en
ethereum
#staking
mining

3 ANSWERS
kaijchang2
10 months ago Karma: 19864

Mining consumes a lot more electricty than staking, so there's that, but there's also the problem of centralization. It's much easier to launch a 51% attack by gaining 51% of the hashing power than getting 51% of a large cryptocurrency, which will cost billions of dollars.

Mining consumes a lot more electricty than staking, so there's that, but there's also the problem of centralization. It's much easier to launch a 51% attack by gaining 51% of the hashing power than getting 51% of a large cryptocurrency, which will cost billions of dollars.

alain_duclos9952
10 months ago Karma: 206

The threat of a 51% attack is greatly reduced. Staking requires a huge investment to get 51% of the tokens. Furthermore, even if an attacker manages to control more than 51% of the tokens and puts up a successful attack, he will face another difficult problem- convert his tokens to a more liquid cryptocurrency.

The threat of a 51% attack is greatly reduced. Staking requires a huge investment to get 51% of the tokens. Furthermore, even if an attacker manages to control more than 51% of the tokens and puts up a successful attack, he will face another difficult problem- convert his tokens to a more liquid cryptocurrency.

ronan_mcdermott34
10 months ago Karma: 15

There another aspect worth considering, besides electricity and 51% attacks.
In short, a GPU miner can switch to another blockchain at will. Conversely, if you own a large number​ of tokens you are truly vested.

There another aspect worth considering, besides electricity and 51% attacks.
In short, a GPU miner can switch to another blockchain at will. Conversely, if you own a large number​ of tokens you are truly vested.

Earn tokens by posting and answering questions about blockchain!
Karma to eth
YOUR ANSWER