Proof Of Stake
Osei Akenten Parker Bernard
Junior Pentester, Data Extractor, Recon Expert, OSINT, Digital Marketing, Web3 & Blockchain Expert. SEO Expert,
Many crypto enthusiasts have realized that the future in which we would see the adoption of cryptocurrencies would rely mostly on Proof-of-Stake (PoS) projects. This standard view is not based on the fact that these Proof-of-Stake projects have better and realistic use cases more than Proof-of-Work ones but are based on some features which make the PoS protocol easier and less expensive to use.
Moreover, comparing both consensus mechanisms based on scalability, you would realize that PoS far exceeds PoW. If, as crypto enthusiasts, we envision the world in the next decade to be fully running of blockchain technology, then I do agree that PoS is the way. I don't know about, but that's how I feel personally towards this industry. This is seen as Ethereum, the second cryptocurrency on Coinmarketcap has adopted the PoS protocol and plans to launch it within this year.
Take a look around Masternodesonline, and you will see there are numerous such projects already launched in the space. It gets me elated, but I ask myself how best are these projects working towards the following shortfalls in the cryptosphere;
1. Complexities of Cryptocurrencies which is slowing adoption down
2. Ease of use that makes many people afraid to make transactions thinking they might end up being scammed or send funds to the wrong person.
3. Are there any marketplaces where these coins are used for purchases to get rid of the popular notion "Cryptocurrencies are used only as assets" I would be glad to hear which projects you are following or working towards. Feel free to share what you know, seen and heard :)