Proof-of-Work
High power consumption:
Mining requires significant computing resources
The need for expensive equipment:
Efficient mining requires specialized devices (ASICs, GPUs)
Missing payload:
Most of the computing resources are used to perform meaningless operations
Centralization:
The concentration of coins in the hands of large participants can lead to the centralization of the network and reduce the level of decentralization
High entry threshold for validators:
A significant number of coins are required to participate in block validation, which limits the participation of small participants
PoG replaces traditional computing with gaming activity, turning players ' efforts into useful operations for the network.
This allows you to reduce energy costs, increase user engagement, and increase decentralization by attracting a wide range of participants from the gaming community
Challenges of traditional blockchain models
Proof-of-Stake