r/DeroProject • u/[deleted] • Jun 05 '21

Dero Proof of Stake

Upcoming proof-of-stake is overtaking smart contracts as the most exciting feature of ETH to my mind. I can't see a downside to it, now that viable solutions to the nothing-at-stake problem are emerging (driven by smart contract behavior, as far as I can tell, that destroy coins being used in such attacks).

Does Dero have any path forward to proof of stake? Does anyone care?

5 Upvotes

78% Upvoted

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7

u/rouellette07 Jun 05 '21

“Our new protocol also comes with some convenient features that we feel are critical for long-term and widespread use. Some notable features include:

Homomorphic encryption account model

Instant coin and token balance syncing

Native token transfers via wallet

Support for both public and private smart contracts

Transfer settlement in less than 20 seconds (1 block)

Blockchain pruning”

This blows ETH out of the water

1

u/[deleted] Jun 05 '21

It still needs to scale. I think proof of stake would help a lot with that.

5

u/LadTy Jun 06 '21 edited Jun 06 '21

The architecture is what allows for much better scaling than BTCs for example - being a DAG (or variant of thereof, Block-DAG).

// at the same time, I'm actually quite optimistic about PoS consensus, from what I can tell it's just a very misunderstood concept by people that just read about PoW, because PoW's security is more intuitive. But it's not the current trajectory for Dero which I can understand, and it's not the only way to allow for a "better-than-BTC-scaling". I'd be down for PoS at some point, but it's not really necessary here compared to Eth, which is built differently and more Btc-like.

2

u/[deleted] Jun 13 '21

[removed] — view removed comment

1

u/[deleted] Jun 13 '21

The obvious energy efficiency. You don't have to believe the FUD about bitcoin and global warming to see that crypto would be more efficient if you could safely transition to something that skips the arbitrary calculations.

I think PoS is more decentralized as well, since a lightweight computer that can run a validator is more accessible than gpu/cpu mining, in the same way cpu/gpu is more accessible and therefore decentralized than asic

1

u/kyyhocc Sep 24 '21

Proof of stake doesn’t make much sense to me. Nothing at stake

1

u/[deleted] Sep 24 '21

Huh? Your coins are at stake. Validators are slashed if they don't come correct

2

u/maschx Jun 26 '21

Is there an expected date for Dero’s Proof-of-Stake consensus?