Vitalik Buterin argues that the Ethereum over the next few years, to a more consensusmechanisme to work with than bitcoin.
In his speech, at the Not a 5, he told me that it is a new Proof-of-Stake (PoS) is a bit safer due to the cost it brings to the network and wish to submit it.
Ethereum, one of the most popular blockchain-based platforms, will undergo over the next few years, large-scale changes.
The aim is to make the network more scalable and to make it a lot more user support. In order to do this, change the Proof-of-Work (PoW) to the point of sale.
While a PoW, the next miner will select on the basis of the computational resources to do the PoS with a random selection of users who have Ether of tokens to be used as collateral to have it. For more SIGHTS, it means more of a chance at a block.
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POS is more secure than POW
At the launch of the Ethereum conference began, Vitalik, with a remarkable speech. He brought the first one to pay homage to the man behind bitcoin: Satoshi Nakamoto.
Satoshi has a really interesting and great things to do. And here we are now, in addition to build.
Vitalik Buterin
He does not have the ” computer economics, a school of what makes people willing to do it for a blockchain to be maintained. A characteristic of this system is the fact that people have to pay for the network to want it, too.
According to Buterin, is located in the shade of Ethereum in this respect, other than with Bitcoin. The main difference between PoS and PoW is in the selection of who will be the next block to make.
Ethereum 2.0
Ethereum is still in Evaluation and it will start slow with the migration, to the point of sale. It is expected that this process of a few years, it will take some time to make it to the finish.
According to Vitalik will be Ethereum 2.0 and attacks on the network and are more expensive to make because the blocks that are placed via the PoS has been validated, for a certain period of time can be monitored.
The blocks for which they have been proven to not be completely honest with you, it will result in the loss of the air, which is a security condition.
The fraudulent validation, should also be more ‘fraudulent’ blocks are present in the network, is real damage to be done.
This makes it a lot far more costly than it is now. The attackers would have to have a massive amount of Aether, as a pledge that they will even be able to get rid of it.
There is a controversy between two or more groups. It is ready, it is the underlying idea of these mechanisms. For example, the rich, the holders at the PoS, as it is yours. The counter-argument has been Based that it is inefficient to work.
The-rich-list-the-air currency, it determines the rules of the protocol. In the Proof-of-Work is the control of the network in a whole new way.
The impacts of this control is much more dependent on the factors of the ‘real world’. Think of the cost, and developments in the field of the computer hardware and the evolution of the network in this condition.
PAGE-20 tokens
In addition to the air, there is, of course, a lot of the tokens on the Ethereum blockchain was released. These tokens have nothing to do with being in control of the future of the PoS protocol.
Glassnode come up with interesting findings about the distribution of the ECR-20 is a token. On the website, they have a number of new metrics are published that you have with the 73 token-allows you to analyze.
Top of the token holder
The metric on the rich list, you can see the percentage of tokens that are in control of the world’s richest 1% of the holders. In Cindicator (CND) is 41% more, and in LOOKING for close to 100%.
The average number of tokens was 83,2%. This percentage doesn’t say anything. When you come for your bag to split and have multiple addresses to use, so as to spread risk.
The higher the percentage, the more the impact of the whales on the price of them.
With Supply in the smart contract
Another metric that is Glassnode has been going on for the amount of supply that is in a smart contract. At this rate there will be no (just a little) in the market.
They are the only Externally Owned Accounts (EOAs) is used, which means that they are Polish, and the addresses of the exchanges and OIC’s should consider.
The percentage ranges from 0% to 92% (BUSINESS). Th, PLUS, and Chainlink score on this list is high. The average of all of these tokens is to 21.9%.
Source: decrypto.co