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Introducing Our “Yap-to-Stake” Program Operating validators has a high barrier to entry on most chains from a technical as well as a capital perspective. Thus, the validator landscape today is dominated by just a few privately owned staking-as-a service providers, with many of these privately funded at sky high...

13,128 Aufrufe • vor 1 Jahr •via X (Twitter)

10 Kommentare

Profilbild von ValiDAO
ValiDAOvor 1 Jahr

also.. points?

Profilbild von Zentera Systems Inc. ☁️
Zentera Systems Inc. ☁️vor 2 Jahren

Traditional cybersecurity is just a speed bump for modern hackers. We help by creating special protections for your existing critical assets and data that follow NIST best practices. Learn how and get started today.

Profilbild von Ice Wiz
Ice Wizvor 1 Jahr

ValiDAO has changed the game… It's time for the community to share the wealth that was previously reserved for a select few centralized companies. Bullish projects that live and breathe decentralization.

Profilbild von Nukid
Nukidvor 1 Jahr

Ohh? I yap a lot

Profilbild von Shiv SJ
Shiv SJvor 1 Jahr

How tf is this market cap still only 16M🤣🤣 Higher

Profilbild von shek
shekvor 1 Jahr

the new wealthy elite (hype chads) can compound more points you say?

Profilbild von MotusAK
MotusAKvor 1 Jahr

gib gib

Profilbild von Cool Guy
Cool Guyvor 1 Jahr

The flywheel is in motion

Profilbild von Cos
Cosvor 1 Jahr

v cool concept ngl

Profilbild von Luka Evans
Luka Evansvor 1 Jahr

Excellent technology😎

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Vitalik Buterin explains why proof-of-stake is more secure than proof-of-work “I think proof of stake is very secure because to attack the system, you need to have basically as much stake as the rest of the network. Right now, for example, we have 5 million ETH staking, which means you have to come up with 5 million ETH and then join the network.” At the time of this writing, more than 37 million ETH are being staked, with 3 million ETH waiting to join via the validator queue. At today’s prices, that’s more than $80 billion of ETH someone would have to acquire to attack the network and revert finalized blocks, which is more than the cost of attacking even the Bitcoin network by some estimates. The other defense mechanism that proof-of-stake has that proof-of-work doesn’t is slashing, which makes Ethereum antifragile. Vitalik explains: “Recovering from attacks is much easier in proof-of-stake than proof-of-work. For many kinds of attacks you do against [the Ethereum] network, we have this concept of automatic slashing. In order to revert a finalized block, you basically have to have a big portion of your validators sign two conflicting messages. This is something where once these messages are on the network, you can go and prove ‘these people did it.’ So we have this feature in the protocol where you basically take all these people who provably misbehaved and you burn their coins.” Vitalik also acknowledges the possibility of censoring attacks, where if 1/3rd of validators refuse to attest, the chain can’t finalize. But, as he explains, Ethereum has a contingency plan for this as well: “Everyone who got censored would create a minority chain, and the community would have to do a soft fork. The would have to say, ‘this chain is clearly attacking us and this one is not attacking us, so we’re going to join this chain.’ Then what happens is, on that new chain, the attackers also lose a lot of coins. The difference between proof-of-stake and proof-of-work is that in a proof-of-stake system, you can identify specific participants — and this isn’t a human going in and saying ‘I don’t like you’. It’s all automated.” One last benefit of proof-of-stake is that security scales with the value of the network. As Vitalik put it five years ago, it is really relative security, and not absolute security, that matters: “The security needs of a thing have to be proportional to the size of that thing, because as a thing gets bigger, its enemies become bigger and more well-motivated. If BTC were 100x as big as it is today, the value from destroying it would be 100x higher, and the kinds of actors that would want to care about destroying it would be much bigger and scarier. This is also why countries of all sizes have roughly similarly sized militaries as a percentage of GDP. Hence, cost of attack divided by market cap really is the correct statistic to measure, and in the long run issuance-free PoW really does look not that good." Source: Lex Fridman (Jun 2021)

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