Merge Electronically Sign Evidence with airSlate SignNow

Merge electronically sign evidence

in the hours following the long-awaited merge over 40 of the network's transactions were added by just two entities coinbase and lido it's worth noting that this is in a lot of ways analogous to mining pools seen in proof of work blockchains like bitcoin and until recently ethereum but there are a couple of important differences that i think are worth kind of getting into mining pools are basically services where miners join together to have many smaller mining operations become one larger one increasing the chances of finding a new block and earning the reward which is then split between the participants based on how much their hardware contributed to the power of the group a smart contract like lido or a company like coinbase does essentially the same thing but instead of the power of a miner's hardware it's the user's number of tokens that matters and here's where that's different a mining pool does not hold a miner's hardware the miner simply points their power at the pool and they can without any involvement from the pool change where that power goes or simply turn it off at a moment's notice and there's really nothing the pool can do about it with proof of stake though the tokens that represent a user's participation must be held by the smart contract or company which then adds it together into one big pile of tokens a simple way to think about this is that mining pools are essentially non-custodial while their proof of stake equivalent needs to hold your tokens to work and that's a distinction without a difference when times are good but should a company like coinbase fail have their security compromised be the subject of sanctions or any number of other problems not to mention the risk of smart contracts simply just having a flaw in them that hasn't yet been discovered users staking with that service could find their coins trapped until and assuming the problem is resolved personally i have no skin in the game here i prefer a diversity of approaches but i think it's a fascinating and poorly understood risk and an important distinction between ethereum's old proof-of-work approach versus this new proof-of-stake one well as someone who's in the trenches from the world of mining which now seems like it's a little obsolete when we're talking about ethereum how do you see this kind of money now adam sorry sorry all right wow she's a little sharp this morning adam no i do work for a mining company so you know we got our opinions on eth and eth 2.0 and staking all that stuff but i'm actually an eth fanboy it's well known i think on this show so i can dig into it i do want to throw like a little cold wall water on this headline i think that it's accurate and i think it's fair but i do think there's a little nuance that we should...