Proof of Work vs Proof of Stake: What's Better? | 3-min crypto

Geckos! Do we want MORE animated series? 😎

Without knowing the details and just from the first understanding of PoS, it sounds like this could be used by any actor with enough money to burn to destabilise the currency by deliberately approving fraudulent transactions. If you were a large corporation or a state actor who has an interest in seeing cryptocurrency fail, they could exploit this.

Kaspa

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This is why Etherium is a shit coin

This video is DISINFORMATIVE.

This is propaganda BS. He missed prof of work, study jason lowery

Pow only consumes computer power I will go for Pos

Mary and Jane huh?

Fiat is superior to Crypto.

Banks control currency. Governments and companies lend from Banks. Governments and companies pay employees. Employees buy crypto and transact. Crypto miners buy hardware. Hardware company pays Bank with Fiat. The Bank will not accept payment in a form it does not have ownership of (i.e it must be in fiat).

You see how this is pointless?

And even if you replace the Bank with a Crypto Bank, you still have Centralization, be it with coin or in compute.

Fiat is the way. It is way, way less resource intensive than Crypto. Crypto is a humungous drain on the Grid for a service that is already provided.

How about Saito?

I don’t understand this quota that you said : “ Because bitcoin miners need to have the high-end computing hardware to verify transactions in bitcoin, this makes the mining prohibitively expensive and a lot of computing power is ironically centralised “ could you please explain ?

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Satoshi plus consensus

PBFT

Proof of work is not "slower" or less scalable than proof of stake. performance has nothing to do with the consensus algorithm. that was a big mistake.

is there a proof of gecko?

What kind of token is FUN?

POW (Proof-of-Work)

POS (Proof-of-Stake)

“Proof of Power” - 50 percent Proof of Stake and 50 percent Proof of Work - is a provable hybrid solution to 51% Hash Attacks and the staking algorithm solves the two major theoretical issues undermining other Proof of Stake systems, “nothing at stake” and “weak subjectivity” by leveraging its smart transaction capabilities to remove any incentive to attempt cheating, making it a losing proposition. No specialized mining equipment is necessary to mine VRSC; VerusHash, a quantum secure hash algorithm that is near-equally mineable on both CPUs, GPUs and FPGAs.

Great

🙂🙂🙂😍

proof of work is the only way. bitcoin is easily scalable via second layer solutions like the lightning network. fear not, and don't get scammed by investing in shipcoins

Proof of coverage for Helium

ETH moving to PoS isn't good PoS. ADA Cardano is truly the most advanced PoS network you can get.

Much too simplistic.

Can you please explain all of chain technology and use case and project name please

POW is the more secure (and decentralized) option. It will have less of a negative connotation as it moves into more sustainably friendly sources.

Pow 💪

What about kaspa? POW that base on graph of block instead of a chain. the result is that kaspa is the only crypto coin that is base on pow, real distributed and scalably

Let the free market decide which cryptos are the best, not governments or corporations

I'm hybrid. Mining one to buy the other.

Personally I think POS is a little bit of a con unless it has something in place to guard against whale manipulation.. otherwise it's just the richest people being able to collude and take over a network. Yes this can kinda happen with pow, but it's much harder and more complicated.

PoW falls into the hands of the most powerful and wealthy as well, as mining difficulty increases, only the largest mining operations and pools can afford to continue mining.

Please do a video on adaptive state sharing. 😁

Opinions ruin truth.
I hate when big companies try to get us to argue over a topic they think is opinionated and yet there is actually a logically truthful answer.
POS means, the rich get and stay richer.
Proof of work literally means to show your work ethic and score based off of that.
Harder workers and smarter workers get paid more......
That is literally the only acceptable answer.
Everything else is a opinionated piece and deserves no extra credit.

Team PoS

POW

？？？

POW - Whales
POS - Rich
🤷🏾

Anyone advocating for PROOFofSTAKE is either naive, ignorant or straight up foolish...

Examples of consensus mechanisms include nakamoto consensus, classical consensus and Avalanche consensus.

Examples of sybil defense mechanisms include proof of work and proof of stake.

Proof of Work. Otherwise my investment is going to be one giant paperweight

What about PoST? 🤔

Proof of work/proof of stake are not consensus mechanisms. This is a misunderstanding commonly repeated by crypto enthusiasts. Proof of work/stake are in fact sybil defense mechanisms.

Bitcoin uses nakamoto consensus, which is that the longest chain is the correct chain. Proof of work is just the anti sybil mechanism that prevents network participants from producing blocks without proof that they control some economically valuable resource. In Bitcoin's case this economically valuable resource is compute power. For proof of stake networks the economically valuable resource they use to prevent sybil attacks is their own network token. This means that if you want to mint new coins you first have to have a stake in the network. While to mine new bitcoins you do not need have any stake in bitcoin - you simply need some compute power.

Pow for ever everyone who says something different need to take a look at the decentralized aspect of it. If it's pos it's mostly centralized AF that's why I love to see eth fail in there pos system. Mining for tha win.

Pow of course