#PoS

In an exclusive interview with ForkLog, the co-founder of Tendermint and Cosmos Ethan Buchman reveals why he sees the future of the crypto-economy in Proof-of-Stake systems. And that despite him betting long on Bitcoin.

In recent years, the blockchain industry has gained increased popularity among developers, with some of them involved in the work on already existing ecosystems. Among a great number of development teams, just a few can claim financial independence, while others start wondering how to attract financial resources.

Vladimir Popov, the founder of Synergis who had co-authored a book about Web 3.0, highlighted the principal problems of DPoS and LPoS algorithms, explained flaws in their architecture, and hypothesized about decentralized networks of the future. This is an adaptation of the original Russian-language article Vladimir wrote exclusively for ForkLog.

Almost every innovation in the field of cryptocurrencies was made to solve numerous Bitcoin’s flaws. Curiously enough, every implementation of such innovative solutions ended up as a side project, while Bitcoin continues to dominate the market.

1 What is the difference between PoS and DPoS? Delegated Proof of Stake (or DPoS) is a consensus algorithm created by developer Dan Larimer in 2014. Here is a list of famous projects using DPoS: Bitshares Steemit Lisk Ark Eos If PoS resembles direct democracy then DPoS emulates representative democracy. Classic PoS allows coin holders […]

Andrey Zamovsky, Ambisafe CEO and InChain team member, will be moderating the development section of the Blockchain & Bitcoin Conference Kiev 2016, a major event to be held September 23.