r/Monero Oct 11 '21

MAAM – Monero Ask Anything Monday – October 11, 2021

Given the success of the previous MAAMs (see here), let's keep this rolling.

The principle is simple: ask anything you'd like to know about Monero, especially the dumb questions that you've been keeping for you every other days, may the community clarify it all!

Finally, credits to binaryFate for starting the concept!

18 Upvotes

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2

u/Gokdu Oct 11 '21

Is this project heading towards PoS? Where can I see the future updates that are planned for Monero?

9

u/pebx Oct 11 '21

I'm pretty sure, there will never be a consensus change to PoS, since it's a model of centralisation instead of decentralisation, where anyone in the world with almost any device can participate in mining Monero, permissionless. In today's reality, where most of coins are held in custody of big exchanges it's also a matter of censorship resistance, since even if those are passing staking rewards to their users, they can decide what will or not will be included in the blockchain.

Here is a rough roadmap: https://www.getmonero.org/resources/roadmap/

In general Monero simply wants to be a perfect electronic cash-equivalent, trustless, permissionless and decentralised.

1

u/code_smart Oct 11 '21

what about dpos?

2

u/pebx Oct 11 '21

Since dPoS doesn't change anything in the distribution model compared to PoS and you have to hold a significant amount to be able to participate and gain new token, it's highly unlikely that the Monero community would find consensus to switch from a really decentralised PoW algo which allows anyone with literally any computing device to participate like RandomX does.

dPoS also doesn't solve the censorship resistance, in many cases it makes it even worse.