Proof of Stake Risks Concentrating Power to Crypto Exchanges, Wallets: IMF
The International Monetary Fund (IMF) highlighted some potential issues surrounding a proof-of-stake (PoS) approach to blockchain infrastructure as part of a recent paper, making suggestions for a regulatory framework that could limit global digital asset risks. PoS is an alternative to the proof-of-work (PoW) consensus mechanism, which Bitcoin uses, and the older pre-merge version of Ethereum used. The report also made a host of other recommendations, including calling on the Financial Stability Board (FSB) to step up, saying that it is "well placed to take the lead in coordinating and establishing global standards to support national regulation of crypto assets.”
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