Ethereum update: Bootstrapping a PoS Blockchain
People say that it is hard to bootstrap a blockchain with PoS because… well… how would anyone have anything to stake initially?
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Why not just start a PoS chain and weight every participating node the same and delay any rewards from the chain until a certain target block? This would allow everyone participating in the protocol to have an equal chance at reaping some predetermined reward for a certain period of time to serve as an initial distribution process for the coins / tokens on the chain.
About Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Author: eolszewski
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