Vitalik Buterin: Ethereum, Proof-of-Stake, The Future of Bitcoin
Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
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How Does Proof Af Stake Work?
Mining is done on a block by block basis. An account with ten coins would have one % chance of being the account that gets to create the next block. If you were to split your ten coins up into two accounts, then each individual account would have five coins. So in proof of stake, you theoretically could have stake pools. In fact, you even could have desentralized stake pools. Desentialised stake pools are interesting because there's an incentive for people to come up with stake pools that are more desentalized. And secure basic stake pools means not von werld party whicna be sentral. I suggest the simplest way of doing that - i
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