Tag: proof of work
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Proof of Work vs Proof of Stake
Overview Proof of Work and Proof of Stake are two different consensus mechanisms used by cryptocurrencies to add transactional data to their blockchains. The blockchains need to solve an algorithmic puzzle in order to verify the transactions without using a central authority. The consensus mechanism allows for a trustless model without intermediaries to make automated…
The Crypto Scrubs Podcast 