Understanding Ethereum’s Proof-of-stake Mechanism
The White House administration has gone so far as to float the idea of exploring potential options to restrict energy-intensive mining, like bitcoin, if the method doesn’t become greener. The reward, penalty and slashing design of the consensus mechanism encourages individual validators to behave appropriately. Nevertheless, from these design selections emerges a system that strongly incentivizes equal distribution of validators throughout multiple purchasers, and may strongly disincentivize sin