Coin Concentration of Proof-of-Stake Blockchains
9 Pages Posted: 2 Jan 2019 Last revised: 6 Jun 2023
Date Written: June 5, 2023
This paper studies the concentration of block production in selected Proof-of-Stake (PoS) blockchains and finds evidence consistent with participants entering and leaving the consensus process, thereby changing the concentration level, but not with disproportionate compounding of wealth for large stakes.
Keywords: blockchain, proof-of-stake, consensus, decentralization
JEL Classification: G1
Suggested Citation: Suggested Citation