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🚨 Monero Debate on Consensus Mechanism Shift:

Contributors are actively discussing a potential transition from PoW to proof-of-stake (PoS) for Monero, drawing parallels to Zcash's recent changes.

Proponents argue it could address scalability issues and reduce energy consumption while maintaining privacy, but critics warn it might undermine Monero's decentralization and fungibility core tenets that have kept XMR in the top 30 by market cap.

This conversation is gaining traction in forums, with some fearing a drop in value similar to Zcash's trajectory.

No formal proposal has been tabled yet, but it's a hot topic in the Monero Research Lab.

What your thoughts?
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shortwavesurfer2009 4mo ago

I would be alright with it if we've at least discussed all the possibilities of making proof-of-work work better, and if none of them would possibly fix the problem, then I might entertain proof-of-stake discussions. But I'd like to see the work put in to see if proof-of-work can continue to work properly, and do everything possible before considering a switch to proof-of-stake.

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