Nimiq Podcast Episode 2: Nimiq upgrade to Proof-of-Stake

We are currently working on the transition to Proof-of-Stake with an upgrade that implements Albatross to speed up transaction times and overall scalability of the network. Moving to PoS is also about overcoming the environmental burden caused by the electricity consumption of PoW. In this episode, Nimiq developers discuss the current status and main challenges of this upgrade.

Learn more about Albatross here: https://www.nimiq.com/albatross/

---------------------------------------- Content of this video ----------------------------------------

00:00 - Intro 00:32 - What is Nimiq 2.0 (now called Nimiq Proof-of-Stake)? 01:00 - Advantages of Proof-of-Stake 02:20 - Comparing the earning of rewards in PoW and PoS 03:18 - Nimiq Albatross uses original technology 03:55 - Why is Nimiq creating its own Blockchain with original tech 05:51 - Current status of Nimiq Albatross 09:22 - Biggest challenges of adding Proof-of-Stake to Nimiq 12:39 - Major changes on the protocol level 14:17 - The balance between performance and decentralization 17:00 - Will Nimiq Proof-of-Stake support Smart Contracts? 21:04 - What Nimiq Blockchain Devs look into when building a new Proof-of-Stake

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