The ZecHub Podcast Zcon Sessions: Nate Wilcox on Zcash Proof-of-Stake
Aug 16, 2023
Nate Wilcox, a key member of the Electric Coin Company, dives into Zcash’s upcoming shift to Proof-of-Stake. He discusses the motivations behind this transition, emphasizing fairness in reward distribution and increased participation. The challenges of integrating mining with staking are explored, alongside the intricacies of a hybrid model. Nate advocates for a cautious, step-by-step approach, reflecting on Ethereum's experience. Community engagement in Zcash's development is highlighted, showcasing the growing collaboration in this evolving ecosystem.
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Motivation for Proof-of-Stake in Zcash
- Zcash developers at ECC believe Proof-of-Stake can offer better reward distribution than mining.
- They aim to enable broader participation and potentially level the playing field for smaller players.
Zcash's Hybrid Approach to Proof-of-Stake
- Zcash is exploring a hybrid approach, keeping Proof-of-Work alongside an added Proof-of-Stake component.
- This "trailing finality layer" marks Proof-of-Work blocks as final, improving transaction confirmation times.
How to Follow and Contribute to Zcash's Proof-of-Stake Research
- Follow Zcash's Proof-of-Stake research via blog posts, emails to Nate Wilcox (nathan@electriccoin.co), or the Zcash R&D Discord.
- Community feedback and collaboration from other organizations and bridging projects are encouraged.