what are some advantages and disadvantages between proof of work and proof of stake?
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?
Created1273d
1273dReplies
3
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 <strong>on</strong> how much they have 'staked'. To make things simple for you, the <strong>stake</strong> is based <strong>on</strong> the number of coins the person has for the particular blockchain they are attempting to mine</p>
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 <strong>on</strong> how much they have 'staked'. To make things simple for you, the <strong>stake</strong> is based <strong>on</strong> the number of coins the person has for the particular blockchain they are attempting to mine</p>
2021-06-30 22:17:41 UTC
<p>Nice</p>
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