Will miners still make Ether after POS?

Question

So, I am new to the entire crypto currency idea although, I am a software developer and I have been planning for years to create a CRM that is fully autonomous and exceptionally secure. Ether's code will allow me to do just that through blockchain. This is something I have been working for the past 2 years and once I have a demo. I will be more than happy to share it with you when the demo is ready.

Although, I have been introduced to the idea of POS and although it does add a layer of security I was thinking.... that many miners might abandon the daily mining hence, the CRM app that I am planning might stop performing if there is no miners to handle the request.

As I said, I am new to the whole idea of BlockChain and I might have misunderstood the whole “POS” concept when it comes to the miners.

Try to give me some insight. Thank you in advance.

(I had to look it up: CRM = Customer Relationship Management system.) — Richard Horrocks, Jul 12 '17 at 09:24
Possible duplicate of How do miners profit post-PoS, if at all, how will new miners get their start, and who will execute the EVM byte code (and why)? — Richard Horrocks, Jul 12 '17 at 09:29
Hi there. What is your specific question? "Will miners make Ether after POS?" is very similar to "How do miners profit post-POS...". Is that what you want to know? — Richard Horrocks, Jul 13 '17 at 21:02
@RichardHorrocks not close to that... anyway Etherkimist answered my question bellow. — Emiliano, Jul 14 '17 at 21:03
Understood - if you're happy with their answer then that's all that matters :-) — Richard Horrocks, Jul 14 '17 at 21:07

score 1 · Answer 1 · edited Aug 10 '17 at 02:57

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POS is a consensus protocol which aims to replace the POW waste of computing power and electricity (bitcoin consumes as much electricity as Denmark by 2020). In POS, the miners will still be here, but they are chosen in a deterministic way, depending on their stake.

edited Aug 10 '17 at 02:57

Thomas Jay Rush

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answered Jul 11 '17 at 23:03

Etherkimist

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With pos is better to call them "validators" instead of "miners". – underdog Jul 12 '17 at 13:15

Will miners still make Ether after POS?

1 Answers1