There's more than one Proof of Stake cryptocurrency, and Ethereum does want to g... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		mtrycz on Aug 7, 2017 \| parent \| context \| favorite \| on: Proof of Work Without All the Work There's more than one Proof of Stake cryptocurrency, and Ethereum does want to go PoS sometime. PoS have been around for 3 (maybe 4?) years by now. Proof of Stake is quite genius in the politics of it, and the power needed to run is minimal (you still need to keep your hardware powered on)

GordonS on Aug 7, 2017 [–]

Can you give a short summary of how PoS works?

lloyd-christmas on Aug 7, 2017 | [–]

Not a personal summary, but this is Ethereum's FAQ:

https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ

GordonS on Aug 10, 2017 | | [–]

So... the more Ether you lock up, the more Ether you stand to gain; sort of like having a higher chance of winning the lottery if you buy a lot of tickets?

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact