Vitalik: PoW is also quite centralized. PoW is just a temporary phase before moving to PoS
According to Golden Finance, Ethereum co-founder Vitalik Buterin said on social media that PoW is also quite centralized. It’s just not discussed much because everyone knows that this is just a temporary phase before switching to PoS. This does not include how we can avoid using application-specific integrated circuits (ASICs) because the upcoming PoS switch means there is no incentive to manufacture them.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tron Inc. acquires 146,214 TRX as price eyes $0.36 resistance
Dogecoin targets $0.177 as ETF inflows hit record $654,000 in one day
XRP price hits $1.51 as whale opens $3 million long position with 20x leverage
CoreWeave CEO Michael Intrator sells over 13,000 shares for $1.2M