what is pow vs pos for dummies

KriptoHarita

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28 Ağu 2023
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What is PoW vs PoS for dummies?
What is the difference between PoS and PoW? Proof of Stake (PoS) selects validators based on the amount of cryptocurrency they hold and are willing to ``stake'' as collateral, whereas Proof of Work (PoW) relies on computational power and energy consumption to validate transactions and create new blocks.Mar 8, 2024
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