|
Title: Can anyone explain to me how ETH will switch to PoS without a fork? Post by: lcruz007 on January 01, 2018, 12:15:00 AM Hi,
I am trying to wrap my head around the switch ETH is planning to do from Proof of work to Proof of stake. How in the world -if it's a decentralized network- can the ETH founder just change the protocol of mining ethereums at his will? Isn't that the whole main reason there are forks (and consequently creates a totally new cryptocurrency?). How is ethereum changing to Proof-Of-Stake without creating a new cryptocurrency?? Can anyone help me understand this? Thanks! Title: Re: Can anyone explain to me how ETH will switch to PoS without a fork? Post by: Manojdaran on January 01, 2018, 02:07:26 AM Following..
Title: Re: Can anyone explain to me how ETH will switch to PoS without a fork? Post by: Nexworks on January 01, 2018, 02:18:45 AM Im half expecting it to become Ethereum New, and then Ethereum Classic will rebrand as Ethereum, at which time Ethereum New will rebrand as Ethereum Best.
Title: Re: Can anyone explain to me how ETH will switch to PoS without a fork? Post by: FlyingDutchman420 on January 01, 2018, 02:31:51 AM Following ???
Title: Re: Can anyone explain to me how ETH will switch to PoS without a fork? Post by: danialzo on January 01, 2018, 04:43:15 AM I'd like to know too
Title: Re: Can anyone explain to me how ETH will switch to PoS without a fork? Post by: puwaha on January 01, 2018, 08:41:09 AM Forking doesn't always create a new coin. If the consensus moves to POS, then that is Etherium. Those that stick with the old protocol will be mining invalid hashes on the etherium network.
Title: Re: Can anyone explain to me how ETH will switch to PoS without a fork? Post by: QuintLeo on January 01, 2018, 10:00:32 PM You are making a bad assumption - the assumption that there will be no fork when Proof of Stake is implemented.
Forks don't always result in "new coins" - Bitcoin has had a FEW forks in it's lifetime to fix issues, most of which did NOT involve "new coins" being spawned off. |