Proof of Work vs. Proof of Stake | What Is The Difference?

Cryptocurrencies have recently experienced a massive pullback, and right now could be a perfect time to dip your feet into the world of blockchain and cryptocurrency.

Whether you are interested in mining or simply investing in cryptocurrency, it is crucial to know the difference between the two major types, and what they mean for you. The creation and validation of cryptocurrencies and their transactions are organized into two different categories.

In this segment, we briefly describe the “proof of work” and “proof of stake consensus mechanisms.

#proofofstake #proofofwork #bitcoin #cryptocurrency
- - -

⏱ TIMESTAMPS
00:00 – Introduction
00:53 – Bitcoin and Proof of Work
02:35 – Proof of Stake
04:00 – The Wrap Up

- - -

🎼 MUSIC
1. Healthcare by IsaevIlnarMusic (Copyright free music)
Music from tunetank.com
2. Health Promotion by Viktor Sabo
Music from tunetank.com
3. Motivation For Victory by Corporate Sound
Music from tunetank.com
4. Progress by Corporate Sound
Music from tunetank.com
5. The Final Step by AliveSound
Music from tunetank.com

- - -

🎬 VIDEO
Adobe Premiere Pro 2020
Adobe After Effects 2020