Is PoS removing decentralization of coins?

Cryptocurrency News and Public Mining Pools

Is PoS removing decentralization of coins?

When mining becomes close to worthelss with CPUs/GPUs and the only one staying are large scale ASIC companies… what is the point of supporting that coin?

The coin becomes centralized around the large scale companies.

What Is Proof of Staking?

The Proof of Stake (PoS) concept states that a person can mine or validate block transactions according to how many coins they hold

submitted by /u/Outlandishness-Over
[link] [comments]