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RE: Consensus algorithms: PoW & PoS
very interesting as you say both have there pros and cons. I have a question for you what if we used POW as a first layer to randomly select the available nodes to secure the blocks and then use POS to secure them, that way there is no chance of centralisation or that investing in a bigger node/stake/rig/mining pool can be mitigated while also maintaining the performance of the chain
Helloo @chekohler
You caught me off base (Me has agarrado fuera de base), is a phrase that we commonly use here, to indicate that by carelessness I have let myself make an OUT (baseball terms
What you're asking me is whether combining both protocols would ensure a better decentralization?
I don't know ...
Your approach sounds interesting, but it could be that the PoS mechanism works as follows: renting to the miners of the PoW. In this way, the pools would be chosen by means of a selection of those who have invested the most money. From that point of view, I still see the same case of centralization.
I'll keep an eye on your answer.