New Topic
Click here to advertise on this slot

what are some advantages and disadvantages between proof of work and proof of stake?

avatar
2021-06-29 06:41:25 UTC
what are some advantages and disadvantages between proof of work and proof of stake as consensus mechanism for bitcoin?
Created
avatar152d
Replies
3
avatar
2021-06-29 15:02:44 UTC
<p>While<strong> Proof of Work</strong> rewards its miner for solving complex equations, <strong>in Proof of Stake</strong>, the individual that creates the next block is based&nbsp;<strong>on</strong>&nbsp;how much they have 'staked'. To make things simple for you, the&nbsp;<strong>stake</strong>&nbsp;is based&nbsp;<strong>on</strong>&nbsp;the number of coins the person has for the particular blockchain they are attempting to mine</p>
avatar
2021-08-02 09:57:51 UTC
<p>While<strong> Proof of Work</strong> rewards its miner for solving complex equations, <strong>in Proof of Stake</strong>, the individual that creates the next block is based&nbsp;<strong>on</strong>&nbsp;how much they have 'staked'. To make things simple for you, the&nbsp;<strong>stake</strong>&nbsp;is based&nbsp;<strong>on</strong>&nbsp;the number of coins the person has for the particular blockchain they are attempting to mine</p>
avatar
2021-06-30 22:17:41 UTC
<p>Nice</p>