CRYPTOVERSE ·
Featuring Preston Van Loon and Alex Saunders
Published on: December 31st, 2020 • Duration: 27 minutes
Preston Van Loon, cofounder of Prysmaic Labs, joins Alex Saunders, founder & CEO of Nuggets News, to discuss the transition to proof of stake, its security implications, and benefits. Van Loon expounds on the differences between Proof of Work (POW) and Proof of Stake (POS) and the ability to stake Ether after the transition to POS turns Ether into a yield bearing asset. Van Loon also explains why Eth 2.0 is beneficial from both a security efficiency standpoint and from an investment perspective. Filmed on July 14, 2020. Key Learnings: Ether becomes a yield bearing asset with the transition to proof of stake, and the cost to secure the network is reduced compared to proof of work protocols. As a result, the stock to flow ratio for Ethereum will be significantly better than that of Bitcoin once the transition to proof of stake is made.
