New answers tagged proof-of-stake
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Proof of stake just doesn't work the same as mining from an economic incentive standpoint.
Miners make real-world investments, in advance, in equipment that becomes less valuable as difficulty increases.
Miners have no guarantee that their investment will pay off, they merely have a probability of finding a good proof of work.
Staking chains are vulnerable ...
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Is this the correct way to calculate security for bitcoin proof of work?
Not sure. But looks like lot of things are ignored in these numbers. I have read about FRM so I will share few things related to FRM ratio and security:
The Fee Ratio Multiple (FRM) is defined as the ratio between the total miner revenue (blocks rewards + transaction fees) and ...
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