POW is the mining system. But since Steem is largely whale based, then it makes more sense to make it POS.
POS is very advantageous when you have trusted whales holding the network, who have also a large stake in it, and since they also hold the risks, they can be more trustworthy.
POW is the mining system. But since Steem is largely whale based, then it makes more sense to make it POS.
POS is very advantageous when you have trusted whales holding the network, who have also a large stake in it, and since they also hold the risks, they can be more trustworthy.