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@ LogicallyMinded
2025-04-28 03:53:34
I think the #Monero community should be open to explore the implementation of a hybrid PoS/PoW consensus mechanism. Here is why:
PoS could enable sub 5 seconds finality which is a highly relevant capability to the core Monero use case which is best digital cash.
How do you implement sub 5s finality with PoW? You can’t…
Fast finality matters a lot for in-person payments. Merchants can’t wait for a transaction to confirm. Slow confirmation time is a drawback for #XMR (and all others PoW) that isn’t being discussed enough.
There has been many PoW chains that have successfully implemented a hybrid PoW/PoS approach. For example, #eCash / #XEC a fork of #BCH launched by the founder of #BitcoinCash has implemented the avalanche consensus on top of the Nakamoto consensus. Their goal is to make eCash the best medium of exchange and they recognize that fast finality is an key feature for this use case.
One concern with PoS is coin distribution especially for #crypto that had a pre-mine. That’s not a concern that Monero will ever have.
PoW is still important to guarantee that the blockchain can be retrieved in a trustless manner as PoS has by design a trusted setup.
Let’s take the best of both worlds and make Monero a better medium of exchange that it is already.