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Proof of Stake disadvantages - A detailed discussion

There are many blockchain cryptocurrencies that use Proof of Stake (PoS), we have only seen a variant of it: delegated Proof of Stake (dPoS). <br>https://www.cmnnews.live/proof-of-stake-disadvantages-detailed-discussion/

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Proof of Stake disadvantages - A detailed discussion

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  1. Proof of Stake disadvantages: A detailed discussion There are many blockchain cryptocurrencies that use Proof of Stake (PoS), we have only seen a variant of it: delegated Proof of Stake (dPoS).

  2. Proof of Stake disadvantages: Validators are frequently selected at random from all participants in proof-of-stake (POS) cryptocurrencies. Users with a greater stake have a better chance of being selected. This may cause problems, such as the rich getting richer and dominating the consensus process, which may harm the network. Proof of Stake protocols may be very complex due to the numerous factors that game theory has to take into consideration when creating them, this counts as one of the Proof of Stake disadvantages. Users compete using a Proof of Stake algorithm to find out who’s the most secure, but very little energy is consumed in this process, only enough to keep the CPU running and keep connected to the Internet at all times. Using a proof of stake mechanism, users receive the same payout, regardless of how much they have deposited. There is a linear relationship between profitability and the amount deposited. There is no investment in it, another Proof of Stake disadvantages. Crypto money is received by a staker, and at the same time, his expenses arrive. The result is a positive cash flow in the short-term.

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