Pros and Cons of Proof of Work (PoW)

Pros and Cons of Proof of Work (PoW)

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Proof of Work (PoW) is a technique for confirming and tracking the creation of new currencies and transactions on a cryptocurrency blockchain. Cryptocurrencies such as Bitcoin and Ethereum rely on proof of work algorithms to keep their own crypto networks running.

🕒 Timestamps 🕒
00:00 Introduction
00:34 What Is Proof Of Work in Crypto?
01:39 How the Proof Of Work Model Works?
02:40 Example of Proof of Work
03:53 Proof of Work Pros: The Advantages of Proof-Of-Work
04:33 Proof of Work Cons: The Disadvantages of Proof-Of-Work
05:08 A Note on Proof Of Stake Consensus Mechanisms
06:08 Proof Of Work Coins
07:06 Final Thought

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