From future security perspective... is PoS (proof of stake) safe?

Question

Sentinel dVPN - Contributor Public Group

From future security perspective... is PoS (proof of stake) safe?

i might be missing something here but it looks like it favors entities with funds.

If a rogue entity has enough funds it can take over the network right?

please educate me if i am wrong

#cryptocurrency #de-fi #english #sentinel

0

03.06.2022

5 ответов

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Aimon Автор вопроса

Grandmaster Bepe | BlueFrenDAO
Over 60% of total supply is staked so it will be i...

in the short term yes but if a long term attack is done PoS networks are still vulnerable. right?

0

03.06.2022

Zephyr

Aimon
in the short term yes but if a long term attack is...

I think this is same as POW only difference is your money goes from hardware to Direct staking but still it's expensive attack in both ways. They even can target hardware locations if they want.

0

03.06.2022

Grandmaster Bepe | BlueFrenDAO

Aimon
in the short term yes but if a long term attack is...

Anyone can buy the token so it makes it incredibly hard, also the price would Increase dramatically. It would be extremely difficult to centralize a decentralized entity like sentienl

0

03.06.2022

Aimon Автор вопроса

Zephyr
I think this is same as POW only difference is you...

agreed! would it possible to create a network without these vulnerabilities? by vulnerabilities i mean for PoW, people have to tendencies to clump together thereby reducing true decentralization for PoS, consensus relies on smaller subset of entities selected by the amount coins staked. if you know what i mean

0

03.06.2022

Grandmaster Bepe | BlueFrenDAO · Accepted Answer

Grandmaster Bepe | BlueFrenDAO

Over 60% of total supply is staked so it will be incredibly difficult for such an attack to happen

0

03.06.2022

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From future security perspective... is PoS (proof of stake) safe?

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