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Vitalik Buterin Discusses The Advantages Of Proof Of Sake For Ethereum

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The co-founder of Ethereum , Vitalik Buterin, recently outlined the merits of moving to the proof-of-stake (PoS) consensus mechanism, which has been in the works for a couple of years.

On Father’s Day, Vitalik and his father, Dima Buterin, spoke with Fortune about crypto, decentralized finance , Ethereum’s The Merge, and why proof-of-stake is a better mechanism for the network.

According to Vitalik, transitioning to PoS has a number of advantages for the Ethereum network, including decreased energy usage, enhanced network security, resistance to censorship, and much more.

Vitalik Buterin made a point: “I think the environmental one, just generally, making the Ethereum ecosystem consume a much lower amount of resources is a really good and really important one. Also, proof of stake can increase the safety of the system. It makes it more expensive to attack.

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“It makes it easier to recover from an attack, which is something people don’t think about. It’s more censorship resistant, like miners are easier to detect and easier to shut down than just computers that are running validator nodes. So, it actually has this whole list of different advantages.”

Dima, Vitalik’s father, sees the Ethereum blockchain’s enormous reduction in energy consumption as a great deal, as well as the increased security PoS brings to the network. He said, “I’m firmly convinced based on all of the research that I have seen that this is a good thing. This is really important for the network.”

Dima, on the other hand, believes that proof-of-stake is not the final flawless technology. He believes that technological developments will eventually render the algorithm obsolete.