Proof of Stake (Casper Ethereum) explained

Ethereum

Proof of Work

Problems with PoW

Centralization in Blockchains

Hashrate Distribution for Bitcoin (left) @blockchain.info/pools and Ethereum (right) @etherscan.io/stat/miner?range=7&blocktype=blocks

Proof of Stake

Casper Protocol

  1. “Vitalik’s Casper” / Casper FFG (Friendly Finality Gadget) from Vitalik Buterin
  2. “Vlad’s Casper” / Casper CBC (Correct-by-Construction) or called Casper the Friendly Ghost from Vlad Zamfir

Pros of PoS

Cons of PoS

Delegated Proof of Stake

https://www.sketchplanations.com/post/148150419096/direct-and-representative-democracy-in-direct

Conclusion

About the Author

Sources

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Software Programmer and Blockchain Enthusiast

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Johannes Hagemann

Johannes Hagemann

Software Programmer and Blockchain Enthusiast

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