PoS consume less energy?

[_act_]

There was a time that people said PoS transactions are faster but which was a lie because it depends on how the transaction time is programmed or made up. I have seen some coins with PoW that have very fast transaction.

They also said PoS consume less electricity while PoW consume significant amount of electricity. Is this actually true?

The reason I asked this question is because I have seen some PoW that requires just phone and just a single and simple task daily that will not take more than 30 seconds in a way that it is just like you are using your phone for 30 seconds task.l daily.

I think it depends on how the PoW is made up but people are using bitcoin PoW to compare PoS. Bitcoin PoW is better than the altcoins PoS and the PoW that consumes far less energy.

Edit: PoW uses more energy. Something confused me but I have see an answer to it.

[Ambatman]

Not absolute but POS is faster and consumes less energy than POW.
POS is faster and consumes less energy because it jumps the puzzle solving race.
No puzzle, No delay.

But what's the essence of using POW if your concern isn't security ( those POW that are supposedly faster and consumes less energy are less secure)
POS makes being faster and less energy intensive easier while POW makes being secured and decentralized easier.

Though like stated not absolute but relative.

[Sim_card]

They also said PoS consume less electricity while PoW consume significant amount of electricity. Is this actually true?

Yea, because in PoS the major holder of the coins i.e the person with the highest coins is called to validate the block which uses less energy and faster compared to POW that needs heavy equipment that consumes a lot of electricity to validate a block.

I think it depends on how the PoW is made up but people are using bitcoin PoW to compare PoS. Bitcoin PoW is better than the altcoinhttp://s PoS.

Bitcoin PoW gives it more security and decentralized. PoW and PoS are two different things and shouldn't be compared because it's the opposite of each other.

[Amphenomenon]

POW is more decentralized than the POS and that means offering better security.
There must be a trade of and that's why POS is faster than the POW.

While in the aspect of other smaller Networks using POW which are still faster than some other POS Networks, is just from the fact that they are smaller which. Remembe, while Bitcoin Network was still smaller the scalability issue was still very much negligible in compare to now and the chances of it falling into the 51% attack was higher.

As the POW network grow strong, it will require more energy than that of a POS network having same size but still yet more secured.

[cryptoaddictchie]

I think it depends on how the PoW is made up but people are using bitcoin PoW to compare PoS. Bitcoin PoW is better than the altcoins PoS and the PoW that consumes far less energy.

In terms of security PoW might be better but its true that PoS consuming less power compared to it. Its based on the number of coins staked and does not really needed some equipment to run with heavy duty mining rigs. Not sure why Eth move to PoS maybe due to that reason.

[BenCodie]

I think it depends on how the PoW is made up but people are using bitcoin PoW to compare PoS. Bitcoin PoW is better than the altcoins PoS and the PoW that consumes far less energy.

In terms of security PoW might be better but its true that PoS consuming less power compared to it. Its based on the number of coins staked and does not really needed some equipment to run with heavy duty mining rigs. Not sure why Eth move to PoS maybe due to that reason.

I believe that one part of the thought was that since Ethereum was already well distributed, it could remove the intensive computational puzzles from the process and replace it with validator software and staking without significantly compromising decentralization (maybe even increasing decentralization by phasing to validating with capital rather than mining with hardware). They weren't completely wrong as the blockchain is still running today.

[_act_]

Not absolute but POS is faster and consumes less energy than POW.

PoS is not faster than PoW. You people are getting it wrong because of how bitcoin is. An example of altcoins that make use of PoW is Digibyte that takes approximately 15 seconds for a transaction to get confirmed, unlike Ethereum that is using PoS that can take much than more than that sometimes because of congestion even as it is using PoS now.

Yea, because in PoS the major holder of the coins i.e the person with the highest coins is called to validate the block which uses less energy and faster compared to POW that needs heavy equipment that consumes a lot of electricity to validate a block.

Go and learn more about altcoins that uses PoW that have faster transaction. Also how about Pi that uses PoW but consume low energy as if it is not consuming energy as it is designed for phone. I am not saying Pi is not one of the shit coins.

POW is more decentralized than the POS and that means offering better security.
There must be a trade of and that's why POS is faster than the POW.

While in the aspect of other smaller Networks using POW which are still faster than some other POS Networks, is just from the fact that they are smaller which. Remembe, while Bitcoin Network was still smaller the scalability issue was still very much negligible in compare to now and the chances of it falling into the 51% attack was higher.

As the POW network grow strong, it will require more energy than that of a POS network having same size but still yet more secured.

In terms of security PoW might be better but its true that PoS consuming less power compared to it. Its based on the number of coins staked and does not really needed some equipment to run with heavy duty mining rigs. Not sure why Eth move to PoS maybe due to that reason.

How about the Pi? Such coin uses much less energy in a way people can say it is using almost no energy. That is the reason I said already that it depends on how it is made up. Just like I said before, PoS are not faster the than PoW. Even bitcoin developers knows this. But that make bitcoin to stay the way it is because they want less chain reorg.

I believe that one part of the thought was that since Ethereum was already well distributed, it could remove the intensive computational puzzles from the process and replace it with validator software and staking without significantly compromising decentralization (maybe even increasing decentralization by phasing to validating with capital rather than mining with hardware). They weren't completely wrong as the blockchain is still running today.

Ethereum was centralized from the beginning of selling coins when it has not been on exchanges. Also it is no-brainer that PoS is completely centralized.

[KiaKia]

I am going to use Bitcoin as example, people said it is very slow in transaction speed compare to some other coins, mind you Bitcoin is PoW coin and there are other PoW coins that are faster than Bitcoin, it is not like you won't see a faster PoW coins than the speed of Bitcoin but Bitcoin still wins in everything.

Anyways, all I want you to know is that PoW has security, it win in this area and PoS just sucks in this same area.

PoS coins are faster, because why not? yes they should be, there is nothing to solve in the block chain anyways.

If choice of speed is your thing, you will still find PoW coin that are brutally faster, and again, if choice of speed is all that matters, Bitcoin will be dead already.

Reason why I am even still here is because of Bitcoin, Decentralised, secured network, and proof of work, nothing else matters.

[Felicity_Tide]

Not absolute but POS is faster and consumes less energy than POW.

PoS is not faster than PoW. You people are getting it wrong because of how bitcoin is. An example of altcoins that make use of PoW is Digibyte that takes approximately 15 seconds for a transaction to get confirmed, unlike Ethereum that is using PoS that can take much than more than that sometimes because of congestion even as it is using PoS now.

I think there is a slight misunderstanding . Everyone is quite correct, unless we choose to look at the context from only one perspective. We can't really say that PoS is faster than PoW, and that doesn't make PoW faster than PoS either.

Every cryptocurrency has its own confirmation time. PoW and PoS are consensus mechanisms used by different cryptocurrencies but they don’t have a fixed standard time. A good example in the case of PoW is Bitcoin and Litecoin, which have confirmation times of 10 mins and 2-3 mins. But some PoS cryptocurrencies have confirmation times that are either longer than that of Litecoin or smaller than that of Bitcoin, or even the reverse.

You gave an example with a cryptocurrency that has a confirmation time of 15secs. I think there is a cryptocurrency that also have something similar, but uses PoS. Solona is quite fast, but I can't really tell the confirmation time.

But if we are to make a total evaluation, it might be slight difficult to come to a conclusion because of their difference in transaction speed. I think the level of security and energy consumption tells us enough.

[notocactus]

I think it depends on how the PoW is made up but people are using bitcoin PoW to compare PoS. Bitcoin PoW is better than the altcoins PoS and the PoW that consumes far less energy.

Proof of Work is better than Proof of Stake. Even Ethereum, with PoW it was less centralized like with PoS.

Among many Proof of Work blockchains, Bitcoin is the most secured blockchain according to the following website.
https://howmanyconfs.com/

Energy, it's fud against Bitcoin and shit PoS coins want to use energy consumption to say they are better than Bitcoin but in fact they are worse.

[SquirrelJulietGarden]

How about the Pi? Such coin uses much less energy in a way people can say it is using almost no energy. That is the reason I said already that it depends on how it is made up. Just like I said before, PoS are not faster the than PoW. Even bitcoin developers knows this. But that make bitcoin to stay the way it is because they want less chain reorg.

Years ago, I read that Pi coin can be mined when people don't need to connect their devices like phones to Internet, even their phones are off. I did not search for checking this information but if it is true, Pi coin is like a scam. Because Proof of Work or Proof of Stake, you need to run your devices for mining or your node to get staking rewards. Pi coin is likely very different, and I think it's scam.

I don't know why Pi coin is used in this discussion, but there are many PoS coins that are useless and died years ago. There was a hype with Proof of Stake, Masternode coins that died when that trend gone and scam project founders abandon those PoS/Masternode projects to move on with new trends.

Scam stake/ masternode coin.

[_act_]

Years ago, I read that Pi coin can be mined when people don't need to connect their devices like phones to Internet, even their phones are off. I did not search for checking this information but if it is true, Pi coin is like a scam. Because Proof of Work or Proof of Stake, you need to run your devices for mining or your node to get staking rewards. Pi coin is likely very different, and I think it's scam.

I don't know why Pi coin is used in this discussion, but there are many PoS coins that are useless and died years ago. There was a hype with Proof of Stake, Masternode coins that died when that trend gone and scam project founders abandon those PoS/Masternode projects to move on with new trends.

Sorry I made a mistake. Pi is using Stellar Consensus Protocol (SCP)  and not PoW. PoW is using more energy than PoS because PoW requires computational power for hash rate generation.

[SquirrelJulietGarden]

Sorry I made a mistake. Pi is using Stellar Consensus Protocol (SCP)  and not PoW. PoW is using more energy than PoS because PoW requires computational power for hash rate generation.

I don't mind what they use but information I read about them years ago, quickly made me think Pi is scam. Years later, they have main net, with SCP, you said, but it does not change my mind about Pi.

Many projects start with main net either PoW or PoS but they are still scam coins. A coin that takes years to be live on main net, and together with ability to get Pi without turn on your phone, how scam it is. I am not a Pi fan, but sorry if you are, and I don't know you are Pi coin fan or not when I wrote two posts and debunk Pi.

This topic is about PoS, PoW, not about Pi, so it seems both I and you are going off topic discussion.