Coin Story
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Coin Story

Coin Perspective — Sergio Lerner:

”The complexity of the transition to PoS was heavily underestimated by Ethereum developers”

  1. Lower price volatility
  2. Faster payment confirmations
  3. Lower fees (more transactions per second)
  4. Less energy waste in mining
  5. More decentralized
  6. More private
  7. More features
  8. More extensible
Sergio's diagram of innovation in the cryptocurrency space (May 2014)
  1. It’s very complex, so implementers may make mistakes and break it.
  2. The number of people in the world who can actually audit the protocol seriously is below 50. This clashes with the concept of a public blockchain, where there must be people all over the world reviewing and auditing each new release.

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