A Philosophy of Blockchain: What Would Satoshi Nakamoto Think of Proof of Stake?

We’ve been somewhat surprised by how many people ask us why we don’t use proof of stake instead. There are a few reasons, but most importantly…

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Proving the Blockchain

Proof of Work: Every participant is given the opportunity to solve a math problem. (Photo by Dimitar Belchev on Unsplash)
Proof of Stake: a random participant is chosen to create a new block based on their “stakes” in the system, as either quantity or age of cryptocurrency holdings. (Photo by Dmitry Moraine on Unsplash)

Reconsidering the Philosophy

Watch this great and very accessible video about the “Five Pillars of Open Blockchains”

Comparing the Protocols

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Conclusion

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Further Reading

Bitmark restores trust in data. Our end-to-end Internet protocol secures the provenance of data.