The Detrimental Nature of Proofs of Work, and Risks to Cryptocurrencies
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This session will analyze what cryptocurrency design aspects threaten to destabilize the marketplace and expose systems to hostile take-overs, and will describe why the reliance on PoW contributes heavily to a lack of robustness and how PoS based solutions can help strengthen systems. With greater robustness and an associated growth of the marketplace comes benefits, such as high-speed transaction support.
Learning Objectives:
1: Understand stability risks of cryptocurrencies.
2: Learn to analyze robustness risks, using proofs of work as case study.
3: Analyze the potential benefits of a shift towards proof of space.
Pre-Requisites:
General familiarity with how cryptocurrencies are constructed and work.
Learning Objectives:
1: Understand stability risks of cryptocurrencies.
2: Learn to analyze robustness risks, using proofs of work as case study.
3: Analyze the potential benefits of a shift towards proof of space.
Pre-Requisites:
General familiarity with how cryptocurrencies are constructed and work.
