From Cardano to Ethereum, 2020 Could Be Deciding Year for Proof-of-Stake

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2020 will be the year proof-of-stake (PoS) blockchains finally break out. Maybe.

Two of the industry’s most hotly anticipated PoS networks are scheduled to (re)launch in Q1 – namely ethereum and Cardano.

The second largest blockchain platform in the world by market capitalization, ethereum has been looking to shift to PoS since 2014. Co-founder Vitalik Buterin sees PoS as key to ethereum reaching maturity.

“Ethereum 1.0 is a couple of people’s scrappy attempt to build the world computer; Ethereum 2.0 [with PoS] will actually be the world computer,” he has said.

Conceptually, PoS has been around since 2012, but its applications thus far on blockchain platforms, such as EOS, Tezos, Cosmos and others, haven’t been proven to outperform proof-of-work (PoW) platforms in usage or market value (bitcoin or ethereum, for instance).



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