Will Proof of Stake Lead To MASSIVE Centralization!? Ethereum, Tezos & Cardano

9,801 Views · Posted 5 years ago

Proof of stake consensus is getting implemented by major blockchains like Ethereum, Tezos & Cardano. Will this lead to mass centralization among validating nodes? Could centralization get worse than proof of work ASIC mining centralization? Centralized exchanges will be staking proof of stake tokens from user’s deposits, resulting in the exchanges owning a majority of the block producing nodes. What can be done to stop this growth in power by large exchanges? Tune in to find out!

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⏰ Time Stamps ⏰
00:08 Introduction: The Chico Zone & Proof of Stake
01:12 Ethereum, Tezos & Cardano Are Moving To Proof of Stake & Have Large Market Share
02:20 Large Exchanges Will Staking User's Deposits Thus Controlling Validator Nodes & Influence Over The Networks
03:15 There Is Mining Centralization With Proof of Work, But WIll It Be As Bad As Proof of Stake?
04:04 Exchanges Are Moving On Becoming The Largest Holders of Proof of Stake Coins: Tezos, Ethereum & Stratis
05:36 Who Can You Blame?
05:57 What Can Be Done To Stop This? Decentralized Exchanges!
06:28 Conclusion

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