the idea of implementing the Proof of Stake (PoS) consensus years ago, and many
other networks are striving to implement PoS. Considering the difficulties found by
Ethereum, the expectations on Libra moving to PoS soon are low.
Libra mentions:
“...we aspire to make the Libra Blockchain fully permissionless. To do this, we plan to
gradually transition to a proof-of-stake system where validators are assigned voting
rights proportional to the number of Libra coins they hold.”
This is not a definition of permissionless. PoS by itself does not guarantee a permissionless
crypto-network. In fact, such a network would still requires intermediaries (validators).
If their plan is to change their design (move to PoS) and to implement gradual