Image source: Depositphotos.

Image source: Depositphotos.

As the Ethereum blockchain edges closer towards adopting Proof of Stake (PoS), there’s been a lot of debate around the alternative consensus algorithm. Supporters of PoS say the main benefit is that it avoids the incredible energy consumption associated with Proof of Work (PoW), the mining algorithm made famous by Bitcoin. But those sitting on the other side of the fence say that PoS results in greater centralization and therefore undermines the reasons why crypto exists in the first place. 

Pavol Rusnank, co-founder of Satoshi Labs, the company that develops the Trezor hardware wallet, recently argued that the PoS consensus model is comparable to how the...