The Proof-of-Stake Pandora’s Box—A “Rich Get Richer” Formula?

It has been six days since Constantinople had to be forcefully put off because of a bug. Chain Security sniffed out the vulnerability just before miners upgraded gifting hackers—who appear to be on the prowl, to not only siphon out hard earned funds but revive the memories of 2016 DAO attack that as well all remember, forced a hard fork creating this semi-immutable blockchain called Ethereum.

What dominates now is the talk of how Ethereum will shift from a proof of work system—or lest be labeled an environmental enemy—to a proof of stake system. The former, critics say, is energy sapping and participants are straight off destroying our green planet.

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