Proof-of-Stake (vs proof-of-work)
1,450,093
Published 2018-03-21
(This video is a re-upload to fix a mistake I made in the previous one. Sorry about that!)
π Sign up for Simply Explained Newsletter:
newsletter.simplyexplained.com/
Monthly newsletter with cool stuff I found on the internet (related to science, technology, biology, and other nerdy things)! No spam. Ever. Promise!
π° Get $10 of free Bitcoin:
Use my Coinbase affiliate link, and we'll both get $10 of free Bitcoin when you deposit $100:
coinbase.com/join/decuyp_9
π Sources for this video:
www.savjee.be/videos/simply-explained/proof-of-staβ¦
π Social
Twitter: twitter.com/Savjee
Facebook: facebook.com/Savjee
Blog: savjee.be/
β€οΈ Become a Simply Explained member: youtube.com/channel/UCnxrdFPXJMeHru_b4Q_vTPQ/join
#proofofstake #blockchain #mining #simplyexplained #crypto
All Comments (21)
-
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
-
I've been watching a bunch of videos explaining proof-of-stake, and this is the only one that actually contextualizes both PoS and PoW within how they interact with the blockchain.
-
PoS centralizes more over time than PoW, because larger stakes get more rewards, therefore their size increases. PoW has its own downsides but it is more consensus proof.
-
Major misconception here, proof of stake with a select few validators isn't more decentralized than a proof of work consensus algorithm. This is the reason bitcoin remains the most decentralized blockchain in the world still in 2021.
-
The 51% attack for Proof of Stake was addressed incorrectly. You donβt need 51% of ALL currency you need 51% of all stakes. Actually, you might even need less if you game the selection process correctly. A successful attack on proof of stake can have malicious nodes validate their other malicious nodes, and if done long enough can sneak in malicious transactions before getting caught by which time itβs too late.
-
Thank you for putting in the time and effort to create these videos. Iβm basically a caveman when it comes to computer science and tech literacy and youβve really helped clarify a lot of abstract and complicated topics on your channel. Liked and subscribed brother. Keep up the good work!
-
2:40. Translation: POS is far more centralized, and corruptible, than POW, as the more stake you have in the network, the more "validation," and control, you can take in the network. It removes the competitive aspect of POW, and replaces it with "Payola."
-
Well and clearly explained in a short period of time with good visuals, thanks!!
-
I know how difficult it is to turn complex into simple. And I really appreciate the effort you put on and sharing it with us. Kudos to you!π
-
For the first time, I feel like I understand PoS. Every other explanation I got for it never actually mentioned that validators were actually doing some calculation work when they were chosen. Thank you!
-
i am doing a research project on nfts, and this is by far the best video i've seen explaining PoS. Same goes for your other videos on blockchain and other stuff. #1 channel for actually understanding all this blockchain crap 10/10
-
By far the best straightforward explanation ππ»ππ»ππ
-
Your explanations are to the point! Thanks a lot, Sajvee, I appreciate you! Keep up the good work π
-
your videos are so well structured, keep them coming
-
Thanks for this explanation!
-
Simple no nonsense explanation! Thank you!
-
The best and most simple explanation of the difference between Proof of work vs. Proof of stake that I have seen. Really great job Savjee, thank you so much!! :)
-
Great explanation, but nowadays, some coins allows staking pool. I agree that it may reduce electricity cost but doesn't necessarily solve the centralization problem from poolings.
-
Thank you this is Great video in helping me quickly understand PoW vs PoS.... now ... I need to find out about PoA :) thanks again!
-
how can letting someone buy their way into validating a block be less centralizing than the current method ?
