Looking Into Ethereum’s Merge And How KIRA Circumvents PoS’s Biggest Weakness

Written by milanavalmont | Published 2022/10/04
Tech Story Tags: defi | proof-of-stake | proof-of-work | ethereum | ethereum-blockchain | cryptocurrency | founder-stories | the-merge

TLDROn September 15, 2022, the second largest crypto in the world,  Ethereum, successfully transitioned to a proof-of-stake (PoS) consensus algorithm via the Merge update. This blog will take an unbiased look at both PoW and PoS algorithms. PoW prevents double-spending attacks, but PoS makes forking extremely expensive and impractical. In 2012, Peercoin became the first coin to implement PoS, and several other cryptocurrencies like Alano, Cardano and Cardano have started opting for PoS.via the TL;DR App
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Written by milanavalmont | Founder and CEO of KIRA
Published by HackerNoon on 2022/10/04
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