Ethereum Founder Vitalik Buterin Smashes PoW, Says It Penalizes Miners with Low Hashpower

  Vitalik Buterin argues that PoW mechanism punishes miners with lower hashpower. Despite the former promising more energy-efficient solutions and better throughput, the Proof-of-Stake consensus mechanism and Proof-of-Work consensus mechanism have been the subjects of an age-old debate in the crypto community. Some PoW proponents – especially Bitcoin maximalists – have taken to baring certain […]The post Ethereum Founder Vitalik Buterin Smashes PoW, Says It Penalizes Miners with Low Hashpower first appeared on The Crypto Basic.