Bitcoin and proof-of-stake have natural ‘synergy’: Bitcoin Builders 2023
Stanford University professor David Tsè said his team’s research had revealed a security property between Bitcoin and proof-of-stake protocols. Less than a year after proof- of- stake (PoS) became the consensus mechanism for the Ethereum blockchain — the industry’s largest blockchain network — researchers have found that PoS can complement Bitcoin. Stanford University professor David Tsè spoke to Cointelegraph at the 2023 Bitcoin Builders conference in Miami, Florida, about his team’s findings on Bitcoin, PoS, security and energy consumption. Cointelegraph reporter Joe Hall and Stanford University professor David Tsè at Bitcoin Builders 2023. Source: Cointelegraph Tsè facilitates a research lab specializing in blockchain consensus protocols at Stanford University in California. He said the first consensus protocol it looked into was Bitcoin’s proof- of-work (PoW) protocol. “Bitcoin was like our first love,” he said. Through this “deep understanding” of Bitcoin and then an unders...