The Inevitable Failure of Proof-of-Stake Blockchains and Why a New Algorithm is Needed (Op-Ed)

By May 24, 2015Bitcoin Business

Centralization and Blockchain Control One of the driving factors behind cryptocurrency is the fact that it is decentralized, meaning that no individual or group controls it. Instead, it is controlled by everyone participating in the particular cryptocurrency’s network. The more people in the network, the more resistant it is to different kinds of attacks.

A cryptocurrency itself has no “single point of failure,” as it would be said in the computer security world. This means […]

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