I had the great pleasure last year of having a comprehensive discussion on the main cryptocurrency anti-sybil mechanisms, proof-of-work and proof-of-stake, and their various drawbacks and advantage. We cover the difference between the two and the difference in sunk capital in the security models for each, token versus mining equipment ownership, and which one may work better for security. We also discuss whether it's possible to start out purely as a proof-of-stake project and remain decentralized, or whether all functional projects need a proof-of-work start. Finally, we cover hybrid models that may combine the best of both worlds, or the best of neither.
Thank you so much for watching! Tips are appreciated! If you wish to donate via another cryptocurrency, or follow on social media, please go to my CoinTree page:
https://cointr.ee/thedesertlynx
Thanks to my recurring supporters Kingsley Edwards and AnarchyRadio!
And don't forget to join LBRY and get away from centralized content platforms:
https://lbry.tv/$/invite/@DigitalCashNetwork:c
Music from https://www.zapsplat.com
▶️ 3Speak
