Community Interview: Liu Qinan (Founder of ELAlliance)

Interview By CR Press

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Thanks for the much needed article.

“A. It increases the voting power of the rich. If one or a few people control half of the number of ELA cast in the election, the top 36 nodes can be monopolized.”

True, but in my humble opinion, if the needed number of votes is not achieved, this system guarantees that the financial power of the whale will be susceptible to erosion, because small and medium-weight holders voting for the development of this project will collect more profits.
The same applies to voters driven solely by greed, voting with the help of a calculator.

Without mentioning the fact that, generally, distribution of the block reward mostly bypasses whale wallets and opposes monopolizing the ownership of coins.
Almost as effectively as in the case of pure PoW consensus.