Ethereum (ETH), the world’s second- largest cryptocurrency by market cap is moving from a Proof-of-Work (PoW) mining consensus to Proof-Of-Stake (PoS) with ETH 2.0. The decision for the major upgrade was taken in light of growing scalability issues on the blockchain. Now another PoW cryptocurrency is considering switching to PoS. ZCash (ZEC), the privacy-focused cryptocurrency may become the next digital asset to move to PoS. Electric Coin Company (ECC) that developed ZEC published a blog post on Tuesday titled, “Should Zcash switch from Proof of Work to Proof of Stake?” In the blog post, the firm talked about various aspects of the PoS consensus and how it could help ZEC become more valuable. The firm made it clear that the decision to make the switch would be solely in the hands of the community, but they believe PoS would help the blockchain become more useful and valuable. While there are many who prefer PoW, I believe that PoS would make ZEC more valuable to more people! The benefits are great, and they far outweigh the drawbacks and risks. Switching to PoS eliminates the downward pressure on the price of ZEC and adds additional utility for ZEC.” #wazirxwarriors #indiawantscrypto cryptostalker #cryptoexplorer #investingapps #bitcoinwatch #cryptoprofits #btcecho #cryptokey #cryptoasset #cryptomodel #cryptoverse #cryptostock #altcoinmining #cryptocard #investingtime #btcartists #cryptobreakfast #bitcoinschool #cryptptothralls #bitcoinhash #investingrowth #investingforbegginers #cryptoatms #btcgym #btcproduction #btccfamily #cryptoforgood #bitcoinkid #altcoinalerts #btcgraffit https://www.instagram.com/p/CSJ3TdpMDHL/?utm_medium=tumblr
