
PoW, what is it and why do we want PoS
Zero Knowledge
00:00
Delegated Proof of Stake
Delegated proof of stake is amazing because you... I mean, it is really trying to reflect on the way individuals vote for their representatives. But like democracy, I think some of the downsides of this is the concept of like populism or popularity and just because somebody is popular doesn't mean that they couldn't be doing detrimental things. So there's a worst case scenario where basically one guy owns all of the delegates and in that case he has full control and full power to do whatever he wants.
Transcript
Play full episode