Ethereum's Vitalik Buterin Supports a Proof of Stake Blockchain over Proof of Work for Efficiency
The debate on which consensus to use within the blockchain ecosystem has mostly favoured the Proof of Stake over Proof of Work protocol. Ethereums co-founder, Vitalik Buterin is the latest to defend the PoS consensus when he was interviewed by Blockchain Insider. Vitalik began with an insight on both the PoW & PoS consensus. The Ethereum founder noted that the two are different from each other hence the diverse preference in the crypto development arena. According to Buterin, Proof of Work is a simple form of communication between computers involved in completing the crypto coin ecosystem. Basically, the computers agree on block order and other requests within the network. Vitalik further explained the PoW concept; This item was obtained by us on December 23, 2018 11:17 PM. Share this content on social media: You may want to visit bitcoinexchangeguide.com for more. Reply to Topic
Vitalik Buterin Says Weed is a Use Case for Blockchain - Decrypt Media
A daily news site covering all things crypto and the advent of the decentralized web. The co-founder of Ethereum holds forth on bears and bulls and why blockchain isn't good for everything. Blockchain will end poverty, if you believe the shills. Or, it's nothing more than a bloated Ponzi scheme, if you believe the critics. Vitalik Buterin, co-founder of Ethereum, says the truth lies somewhere in the middle. Speaking at Imperial College London earlier today, he espoused five key reasons why some real-world problems may be better solved by using a blockchain. Touching on examples that ranged from Napster to marijuana smoking, he advanced his case for the creation of decentralized applications, such as Augur. But he admitted that thus far, many dapps have poor user interfaces and are struggling to find users. And he quested whether Ethereum can scale to support them. This entry was first seen by us on December 03, 2018 8:27 PM. Share this content on social media: Have a look at decryptmedia.com for complete listings from this source. Reply to Topic
Aggregated news and features about vitalik Titles, images and descriptions not entered by Crypto.BI are Copyright(C) their original authors, all rights reserved.
Work & Learn