RE: DELEGATION HORROR STORY: Atomic Wallet + Cosmos (ATOM)

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DELEGATION HORROR STORY: Atomic Wallet + Cosmos (ATOM)

in hive-175254 •  4 years ago 

Slashing though is one of the few ways to provide "cost" to a POS system. Eth POS will also have it. The reason is to copy a POW benefit knows as prevent Nothing at Stake problem.
https://medium.com/@abhisharm/understanding-proof-of-stake-through-its-flaws-part-2-nothing-s-at-stake-8d12d826956c
In order to "artificially" get what POW has slashing is done.
It is one of the few reasons why POW is still one of the best systems for a trustless system to have and slashing gets you one benefit while inc risks to stakers. No easy win. The only other solution is to have a multi system one like Decred(POW+POS).

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Thanks for the article! I have to do more research I guess!

Post a post on it. I am sure many like you didn't know about this POS flaw :P

I think I saw what you were saying somewhere but I didn’t get into it haha 😂

lol you should.
It one of the few reasons POS is still not good yet and why POW is still in some cases better.