On the impossibility of incentive compatible PoS protocols
Time in PoW is random, but it follows a deterministic schedule in PoS. Because time is valuable there exists an impossibility of scheduling validator duties incentive compatible. This impossibility is deeply rooted and intrinsic to PoS protocols.
Speaker
Caspar Schwarz-Schilling
Event
EthCC[6]
Date
July 17, 2023
Category
Blockchain economics
Type
Talk
Language
EN