Motivations of Proof of Stake
summary
Argument: moving Zcash from proof‑of‑work to proof‑of‑stake aims to widen who can earn rewards, reduce mining-driven sell pressure, and lower centralization caused by large mining farms. Claims: PoS lets more users stake instead of buy specialized hardware, PoW forces miners to sell newly mined ZEC which reduces price and liquidity, and strong economies of scale favor PoW miners leading to centralization. Proposed mechanisms include locked staking, concerns about liquid‑staking derivatives, and a posterity fund to manage issuance and long‑term incentives.
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