Cryptocurrencies are validated through consensus mechanisms. These mechanisms are put in place to ‘validate’ instructions on the blockchain.
This video will look into two different consensus mechanisms; Proof of Work and Proof of Stake. Let’s see how they stack up against one another!
Links Mentioned:
Proof of Work: https://www.coingecko.com/en/glossary/proof-of-work-pow
Proof of Stake: https://www.coingecko.com/en/glossary/proof-of-stake-pos
Timestamps:
00:00 Intro
00:54 Proof of Work
01:20 The shortcomings-Proof of Work
02:17 Proof of Stake
03:02 The shortcomings- Proof of Stake
03:39 Which one is your favourite?
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#blockchain #crypto #cryptocurrency #bitcoin #ethereum #POW #POS #staking #mining