The inherent flaw of delegated proof-of-stake governance systems with Nischal Shetty, WazirX

Must read

California fraud cases highlight the need for a regulatory crackdown on crypto

The California Department of Financial Protection and Innovation (DFPI) announced last month that it had issued desist and refrain orders to 11 entities for...

Putin gives Snowden citizenship, Interpol elicits help in Do Kwon search and FTX US buys Voyager: Hodler’s Digest, Sept. 25-Oct. 1

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption...

NFT space bridges passions for tennis legend Maria Sharapova

Tennis legend Maria Sharapova appeared at the Binance Blockchain Week Paris 2022 to share her interest in nonfungible tokens (NFTs).During an exclusive interview with...

What is the economic impact of cryptocurrencies?

<div :i18n="{"back_to_top":"Back to top","sponsored":"Sponsored","blockshow_promo_text":"","by":"By","editor":"Editor's choice","go_to_flashnews_cat":"","press_release_badge":"Press release","press_releases":"Press Releases","press_releases_hide_items":"Hide","press_releases_load_more":"Load more","load_more":"Load more articles","loading":"Loading","paid":"This publication is sponsored.","comments":"Comments","youtubeBannerButtonLabel":"Subscribe","youtubeBannerChannelUrl":"https://www.youtube.com/user/cointelegraph","youtubeBannerHeadlineAlt":"Cointelegraph on Youtube","hot":"Hot stories","pr_description":"Cointelegraph does not...

The inherent flaw of delegated proof-of-stake governance systems with Nischal Shetty, WazirX The inherent flaw of delegated proof-of-stake governance systems with Nischal Shetty, WazirX Liam ‘Akiba’ Wright · 8 hours ago · 5 min read

We spoke to WazirX founder Nischal Shetty about the issues with delegated proof-of-stake and how to achieve true decentralization

5 min read

Updated: June 18, 2022 at 5:05 am

The inherent flaw of delegated proof-of-stake governance systems with Nischal Shetty, WazirX

Cover art/illustration via CryptoSlate

CryptoSlate recently caught up with Nischal Shetty, Founder of India’s biggest crypto exchange WazirX to discuss layer 1s, the human role in blockchain, validator responsibilities, proof-of-stake governance, and decentralization.

With the recent chaos with the governance of Terra Luna and the imminent Ethereum merge, we asked Nischal for his insight into the on-chain voting and how blockchain can do better.

To read the rest of this article, sign in or join CryptoSlate Edge.

Get an Edge on the Crypto Asset Market

Even though the crypto market is fast-moving and often confusing, CryptoSlate Edge can help make sense of it for you. Edge is a yearly membership intended to help you become a more knowledgeable crypto investor and better decision-maker.

Here’s what’s included in your membership:
Exclusive Articles and Analysis

Get an analytical edge by accessing members-only articles with insights from our researchers.

Private Discord Community

As an Edge member, you will access new articles first and be able to ask our journalists questions in our private Discord.

Access to All Innovative Projects and Curated Sectors

Follow new projects and crypto sectors with our manually curated data for over 50 industry verticals.

Enhanced Data In News Articles

See the TradingView price charts and IntoTheBlock sentiment and on-chain data in market analysis articles.

Exclusive Video Interviews with Crypto Founders

Get access to the exclusive recordings of our interviews with founders we use for our articles.

Ad-Free Experience

We hide all advertisements for CryptoSlate Edge members.

More articles

Latest article

California fraud cases highlight the need for a regulatory crackdown on crypto

The California Department of Financial Protection and Innovation (DFPI) announced last month that it had issued desist and refrain orders to 11 entities for...

Putin gives Snowden citizenship, Interpol elicits help in Do Kwon search and FTX US buys Voyager: Hodler’s Digest, Sept. 25-Oct. 1

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption...

NFT space bridges passions for tennis legend Maria Sharapova

Tennis legend Maria Sharapova appeared at the Binance Blockchain Week Paris 2022 to share her interest in nonfungible tokens (NFTs).During an exclusive interview with...

What is the economic impact of cryptocurrencies?

<div :i18n="{"back_to_top":"Back to top","sponsored":"Sponsored","blockshow_promo_text":"","by":"By","editor":"Editor's choice","go_to_flashnews_cat":"","press_release_badge":"Press release","press_releases":"Press Releases","press_releases_hide_items":"Hide","press_releases_load_more":"Load more","load_more":"Load more articles","loading":"Loading","paid":"This publication is sponsored.","comments":"Comments","youtubeBannerButtonLabel":"Subscribe","youtubeBannerChannelUrl":"https://www.youtube.com/user/cointelegraph","youtubeBannerHeadlineAlt":"Cointelegraph on Youtube","hot":"Hot stories","pr_description":"Cointelegraph does not...

What is wrapped Ethereum (wETH) and how does it work?

Traders who use the Ethereum network are familiar with the ERC-20 technical standard and have most likely traded and invested in tokens that utilize...