Chapter
The Advantages of Proof of Stake Over Proof of Work
29:27 - 40:51 (11:24)
Proof of Stake relies on the holdings of coins within the system rather than the constant use of computers and cranking out hashes like Proof of Work. This system requires less ongoing resource consumption and has a lower cost of hardware compared to Proof of Work.
Clips
The limitations of operating within mainstream institutions and the potential for the restriction of essential services such as payment processors make a balance between privacy and regulation necessary, with the worry being that without crypto, acting outside of these institutions would become impossible.
29:27 - 34:47 (05:20)
Summary
The limitations of operating within mainstream institutions and the potential for the restriction of essential services such as payment processors make a balance between privacy and regulation necessary, with the worry being that without crypto, acting outside of these institutions would become impossible. Operating at the edge of legality can speed up the adoption of policy change and the use of things such as marijuana and psychedelics.
ChapterThe Advantages of Proof of Stake Over Proof of Work
Episode#188 – Vitalik Buterin: Ethereum 2.0
PodcastLex Fridman Podcast
Ethereum 2.0 is introducing features like proof of stake and sharding to improve scalability, security, and sustainability over time.
34:47 - 36:37 (01:50)
Summary
Ethereum 2.0 is introducing features like proof of stake and sharding to improve scalability, security, and sustainability over time. Its ultimate goal is to create a decentralized platform that can support the world's transactional and computational needs.
ChapterThe Advantages of Proof of Stake Over Proof of Work
Episode#188 – Vitalik Buterin: Ethereum 2.0
PodcastLex Fridman Podcast
Proof of Work and Proof of Stake both use economic resources to weigh the influence of votes, but Proof of Stake requires less ongoing resource consumption and doesn't rely on constantly cranking out hashes.
36:37 - 40:51 (04:14)
Summary
Proof of Work and Proof of Stake both use economic resources to weigh the influence of votes, but Proof of Stake requires less ongoing resource consumption and doesn't rely on constantly cranking out hashes.