Proof of Work vs Proof Stake - What's The Difference? [ PoW and PoS Explained With Animations ]
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Published 2022-08-16
However, the issue of achieving consensus has ignited a fiery disagreement between the two camps.
On today's CoinMarketCap Explain Like I'm 5 we discover what exactly is the difference between Proof of Work and Proof of Stake.
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All Comments (21)
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It is possible to mine in an ecological way without consuming energy, in a renewable way, the big difference between POW and POS is that the first is decentralized and secure and POS is centralized by a few and insecure, it can be hacked and CEOs can forks and perform changes to have their own benefit is a total lottery you do not have any type of security
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Why do the validators need to lock anyones money up in form of a stake? Also why would I want to have my money locked up? What is the point of locking it so no one can use the money?
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great vid and very easy to understand!
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Well and clearly explained! Great job
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I would like to learn more about these cryptocurrency processes
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Thanks Fam😇
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Genial.
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I hope for the emergence of photonic technologies that will allow us to produce proof using the energy of the Sun.
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but proof of stake have some problems if the person will invest their money and they lost it so what should he do i mean that crypto can't be recover (money) i think proof of work is great for us but we need to use solar energy or wind energy in off grid not a on grid personal one one time investment.
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I think this is were core comes She solves the two proof of work and proof of stake Core dao to the moon
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POW all the way, pure without any politics.
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❤❤❤❤❤
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🎉
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Good
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how to cooperate with you?
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LIKE & COMMENT FOR THE ALGORITHM!
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Presentation is very corny, but info is on point
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It's sad the comparison of PoW and PoS are made with equivocations to (Coke or Pepsi, and Ford or Chevrolet). The proper comparison would be Bitcoin's Sha256 Hash vs another Hashing Algorithm. The proper comparison to Eth's PoS would be a Fiat Currency.
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Proof of work… nobody I know could afford enough ETH to be a validator. All my friends have graphics cards for gaming to mine ETH so in theory it’s more decentralized
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Thank's cmc 💙
