How to pronounce“proof of stake”in English

proof of stake um i like proof of stake and i've liked proof of stake for many years basically because like it just requires

proof of stake which is also very easy to explain

proof-of-work is is grounded in physics in the real world the proof of stake is more about is politics it's the federal reserve it's exactly what we have it's

um proof of stake is not obviously a weak consensus mechanism relative to proof of work

a proof of stake system will take off is if you have a military to force people to use it that's the thing ultimately there's no

the proof of stake chain just launches on its own right and this is the thing that happened in december and the proof of stake chain

the proof of stake chain time to mature time for people to build the ecosystem around it time to make sure that there aren't any bugs

delegated proof of stake delegate kind of like a representative democracy i guess yes which is good working great right

To other things like proof of stake, where you get to vote if you have some commitment to the ecosystem.

that's what proof of work does and proof of stake does and all these other systems and you break them down to basically three steps.

work or somehow proof of stake is less secure than proof of work.

right so you know proof of stake happens kind of over time and then sharding gets added over time and all these features get added over time

one that's proof of stake merge and what are the most difficult

making a successful proof of stake chain there's a lot of technical complexity in actually figuring out the transition process

ethereum which looks at proof of stake and a lot of different innovative ideas that kind of improve or seek to improve on some of the flaws of

to a proof of stake more proof of stake yes and this alternative consensus mechanism where instead of they're having to waste a lot of a computing

switch from a proof-of-work to a proof-of-stake uh more proof of stake is to this uh alternative consensus mechanism where instead of uh

understand the idea of proof of work um i know that a lot of people say that the idea of proof of stake is really

fly off the ground and proof of stake is hey we found a great way to make airplanes cheaper and faster by not making them

2023 after they shift to proof of stake it i've seen estimates that range from 100 000 to 2 million so at the end of the day you're going to be trusting a

it's about to go to proof of stake which is literally the existing system where a small group of people get to decide the monetary policy yeah

Our rate of evolution with proof of stake is much faster than theirs cuz they're based on derivative work, and we already have Ouroboros Omega and other

Then we can talk about proof of work or proof of stake or these types of things.

mining is basically or or even validating proof of stake is going to centralize um so i think the ecosystems best reply

starting from the merge transition block every proof of stake chain block is going to contain a block of the what what we consider now to what we

know like and check the proof of work chain up to the merge and then they're going to check the proof of stake chain but at

announcement um so you know it was proof of stake was not something that we uh kind of put on any on anybody by surprise

dogecoin to merge mine within ethereum proof of stake ins of some kinds then like that could be an interesting alternative um

mirror some of the ideas in ethereum proof of stake working on smart contracts and all those kinds of things

that to implement and how hard is proof of stake to implement like on a technical level yes software level proof of stake in

phases so phase zero just creates a proof of stake network and it's actually separate from kind of proof of the proof of work network at the

like if you want to be a proof of stake validator you can get things started if you want to store data for other blockchain applications you can get

was the environmental impact of some of the Proof of Stake systems.

tweeted three years ago oh well anyone who believes proof of stake can work is either one completely clueless

work, you can be proof of stake.

Proof of stake is the same, but it's a synthetic resource.

work that were super hard to replicate and emulate in the proof of stake world.

wanting to solve it in the hybrid approach of proof of stake and proof of work?

So what's your intuition with Cardano having the proof of stake and then eventually smart contracts versus the Bitcoin with layer two

Can we kind of return to um to proof of work and proof of stake?

where Cardano and smart contracts and some of this proof of work versus proof of stake ideas that we've been talking about?

another kind that fills up these big warehouses so proof of stake you don't you don't really need that much electricity you

is is there ways to make it secure so i think proof of stake is very secure uh because in order to be able to attack the system

of coins right yeah so the difference between proof of stake and proof of work is that in a proof-of-stake system like

who cares um but so this is a problem in both proof of work and proof of stake yes so the basic idea is

um and just like prove to the community that you know proof of stake actually is real and it's and a full transition is realistic

and you actually move it over into the proof of stake chain so you get rid of the proof of work side completely uh so the way that the merge

right we know we need some uh um a proof of stake algorithm work on that and the last year of uh coved life um like basically i was like

all this significant wealth to have influence over that future proof of stake version that's sort of my theory