Vitalik: PoW is also quite centralized. PoW is just a temporary phase before moving to PoS
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.
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.
You may also like
Dogecoin Faces Selling Pressure as Long-Term Holders Liquidate Positions Amid Recent Gains
IMX Seeks Breakout as Positive Inflows Signal Potential for Resistance Break at $0.81
Bitget Daily Digest (May 12)｜Substantial Progress in U.S.-China Trade Talks, Altseason Index Hits 90-Day High
Expectations of reconciliation are heating up, the market is strengthening, and Ethereum is leading a broad rise in the altcoin market.
Pi Coin Surges Dramatically, Capturing Market Attention
In Brief Pi Coin rose 34% in 24 hours, reaching $0.98 but challenging $1 resistance. Trading volume and liquidity suggest possible resistance breakthroughs for the altcoin. Upcoming announcements and exchange listings could push Pi Coin to new highs.
Trending news
MoreCrypto prices
More
