Proof of Work vs. Proof of Stake: Beginner's Guide!! 👨‍🏫

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Cryptocurrency Climate 👉 • FACT CHECK: Bitcoin Mi...
Cryptocurrency For Beginners 👉 • Explain Crypto To COMP...
Cryptocurrency Tax Tips 👉 • Crypto Tax Tips: ESSEN...
Fastest Cryptocurrencies 👉 • FASTEST Cryptocurrenci...
~~~~~
- TIMESTAMPS -
0:00 Intro
1:51 Cryptocurrency Consensus Explained
5:51 What Is Proof Of Work?
10:24 What Is Proof Of Stake?
13:42 PoW: Strengths & Weaknesses
16:32 PoS: Strengths & Weaknesses
21:05 Conclusion: Which Is Better?
~~~~~
⛓️ 🔗 Useful Links 🔗 ⛓️
► Proof Of Work Vs Proof Of Stake: www.coinbureau.com/analysis/p...
► Proof of Work Explained: academy.binance.com/en/articl...
► Proof of Stake Explained: academy.binance.com/en/articl...
► In Favor of Proof of Work: www.danheld.com/blog/2019/1/5...
► In Favor of Proof of Stake: vitalik.ca/general/2020/11/06...
► Proof Of Work Cryptocurrencies: cryptoslate.com/cryptos/proof...
► Proof of Stake Cryptocurrencies: cryptoslate.com/cryptos/proof...
~~~~~
👨‍🏫Cryptocurrency Consensus Explained👨‍🏫
Consensus in cryptocurrency follows the same idea as consensus between people. The difference is it’s computers coming to a consensus AKA an agreement about whether a transaction is valid or not. Usually, the consensus threshold in cryptocurrency is more than half, or 51%
⛏What is Proof of Work?⛏
Any computer that wants to process transactions on a proof of work cryptocurrency blockchain like Bitcoin needs to solve a complex equation to earn the right to do so. This costs time and energy to do
If this sounds tedious and arbitrary, it’s because it is. This idea of work exists exclusively as a means of protecting a cryptocurrency from manipulation by the computers connected to its blockchain
💰What is Proof of Stake?💰
Instead of using large amounts of computing power and energy to solve an equation to process transactions, a cryptocurrency coin is staked i.e. locked on the blockchain to earn the right to do so
The length of time a cryptocurrency must be staked to process transactions can vary, as can the minimum amount of coins or tokens a computer must lock up as stake
Logically, the more cryptocurrency you stake, the more likely you are to process transactions and create a block
⛓PoW: Advantages and Disadvantages⛓
In theory, anyone can connect their computer to a proof of work cryptocurrency to process transactions and earn cryptocurrency as a reward for doing so
However, over the years companies have developed specialized computers called application specific integrated circuit machines or ASICs for short. This is gradually centralizing PoW cryptocurrencies
What’s worse is that when a new and improved ASIC is released, the older model usually ends up in a landfill, and this is one of the many environmental concerns about proof of work cryptocurrency mining
💱PoS: Advantages and Disadvantages💱
In theory, anyone can connect their computer to a proof of work cryptocurrency to process transactions and earn cryptocurrency as a reward for doing so
This is facilitated by the minimal hardware and energy requirements to participate in most proof of stake cryptocurrency blockchains
However, most proof of stake cryptocurrency blockchains have high thresholds when it comes to the minimum stake you need to put down to connect to it as an independent computer
Moreover, most proof of stake cryptocurrencies had something called a premine which is where a bunch of coins or tokens are minted in advance and distributed to the team and large investors
Consequently, most proof of stake cryptocurrencies are more centralized than Bitcoin and Ethereum since the average user is stuck delegating to a validator or staking pool belonging to the team and VCs
~~~~~
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#bitcoin #blockchain #consensus #staking #mining #pos #pow

Пікірлер: 848

  • @CoinBureau
    @CoinBureau2 жыл бұрын

    Hope this overview is useful guys! Don't forget to follow me on some of my other social channels. We have some important updates in the pipes ;) 👉 guy.coinbureau.com/socials/

  • @rishabhjain109

    @rishabhjain109

    2 жыл бұрын

    Is Proof of History even better than Proof of Stake?

  • @kingkong7882

    @kingkong7882

    2 жыл бұрын

    @@rishabhjain109 Did you ever ate stake before.

  • @cjj6412

    @cjj6412

    2 жыл бұрын

    Crypto is just a giant ClickFunnels source: am investment banker

  • @leeclayton5151

    @leeclayton5151

    2 жыл бұрын

    Keep calm and hodl on Guy. Great video again. Thanks for explaining the difference between the two methods

  • @Saikrishna-dz4wt

    @Saikrishna-dz4wt

    2 жыл бұрын

    Please suggest a book to learn technical analysis from basics to pro level.Any online help also would be of great help

  • @yb7126
    @yb71262 жыл бұрын

    Welcome to coin bureau, the largest crypto channel in the whole inter-webs, add free, transparent and no clickbait titles like other (small) crypto channels ;) Finally!

  • @qinghualao7079

    @qinghualao7079

    2 жыл бұрын

    Bybit….bybit…..anyone wanna use bybit and get rekt?

  • @stoempert
    @stoempert2 жыл бұрын

    BitBoy can't handle this channel being the biggest 😂

  • @D3athW1ng

    @D3athW1ng

    2 жыл бұрын

    There's a channel called Bitboy? 😂 Funny, it never came up in my feed ... Wonder why? 😏

  • @nachocheezed

    @nachocheezed

    2 жыл бұрын

    Which is why they shouldn't be mentioned at all:) Can't compare apples and oranges xD

  • @D3athW1ng

    @D3athW1ng

    2 жыл бұрын

    @@nachocheezed 😆

  • @lastcall8286

    @lastcall8286

    2 жыл бұрын

    @@D3athW1ng he's for beginners when you get beyond I start learning and researching yourself you won't need that channel corn bureau is perfect

  • @D3athW1ng

    @D3athW1ng

    2 жыл бұрын

    @@lastcall8286 all good .. just teasing 😆

  • @cryptohair
    @cryptohair2 жыл бұрын

    Ah the biggest crypto channel on the inter-webs.

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    @tomash9785

    2 жыл бұрын

    I was trying to scrape that hair off my screen

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    @alenalex95

    2 жыл бұрын

    And he dont brag like bitboy

  • @bryansutton9942

    @bryansutton9942

    2 жыл бұрын

    And best

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    @michaeltabone7085

    2 жыл бұрын

    In the war between bitboy and CB, it’s an easy choice

  • @HussoFPV

    @HussoFPV

    2 жыл бұрын

    I've been waiting for this day for AGES! Grats Guy! Finally overtook that clickbait producer.

  • @alekgj5824
    @alekgj58242 жыл бұрын

    Congratulations!!! Your channel is the # 1 crypto channel, you passed BitBoy! Well done, you deservedly.

  • @qinghualao7079

    @qinghualao7079

    2 жыл бұрын

    Who’s bitboy? Sorry,I only looking for education channels

  • @Setiawan-

    @Setiawan-

    2 жыл бұрын

    @@qinghualao7079 you can search with word Benjamin bitboy

  • @fabianrojas9028
    @fabianrojas90282 жыл бұрын

    GUY the ONLY youtuber that really cares about u and not about that sweet commission from referral links

  • @fabianrojas9028

    @fabianrojas9028

    2 жыл бұрын

    @Ninja Eyes I know, but it’s not on ur face and he barely mentions the referrals

  • @junipersnow1

    @junipersnow1

    2 жыл бұрын

    Haha...but there is a well organized and impressive Team behind guy, the guy who does referrals and timestamps is on it for sure...lol

  • @evanmichaels6156

    @evanmichaels6156

    2 жыл бұрын

    No Adds or sponsors - so they monetize under the hood, 100% OK

  • @ChrisCEdwards07
    @ChrisCEdwards072 жыл бұрын

    Congrats on being the Biggest crypto channel on KZread! You deserve it man! Super happy for you!

  • @sylviabells8224

    @sylviabells8224

    2 жыл бұрын

    I agree wt you Chris

  • @TheHarry012
    @TheHarry0122 жыл бұрын

    At last the best CRYPTO channel is now the biggest, congratulations well deserved.

  • @Chatbox_of_ANTI-CHEF

    @Chatbox_of_ANTI-CHEF

    2 жыл бұрын

    Do you trade, hold , margin trade or future trading bitcoin or any other ? and your comment is nice

  • @fuzzyivory3865
    @fuzzyivory38652 жыл бұрын

    My guy is doing god's work in terms of education. You make lengthy content that's easly digestible even for folks like me that have a low attention span(ADHD), Cheers to the Coin Bureau team!

  • @slavenrasic2173

    @slavenrasic2173

    2 жыл бұрын

    I guess the whole world has ADHD these days

  • @derekkearns3377

    @derekkearns3377

    2 жыл бұрын

    Only USA and western europe made up word for being bold

  • @Dee_isi
    @Dee_isi2 жыл бұрын

    We all witnessed the “Flippening” of the largest crypto channel in al inter-web

  • @aryan3229
    @aryan32292 жыл бұрын

    Simple. POW and POS are Sybil mechanisms. Sybil mechanisms are used to prevent people from creating multiple identities and take over the network. POW uses hash power, POS uses stake power as a limited resource.

  • @aryan3229

    @aryan3229

    2 жыл бұрын

    And also, POW and POS are not consensus mechanisms. They are Sybil Resistance mechanisms.

  • @JYTE21
    @JYTE212 жыл бұрын

    Congrats,... the largest crypto channel by subscribers. :) Btw, BitBoy might not like this so much. 😂

  • @Ollieharper3

    @Ollieharper3

    2 жыл бұрын

    And well deserved too

  • @theworldtoday1636

    @theworldtoday1636

    2 жыл бұрын

    Quality content here only 👌👌👌

  • @ujjawalrai7394
    @ujjawalrai73942 жыл бұрын

    Congratulations sir You Are the Best....you don't give fake shit that's the best thing about you...

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    @petrasvizbaras57042 жыл бұрын

    dont be shy its the best content u can find on youtube

  • @littlelauchie
    @littlelauchie2 жыл бұрын

    Just love your videos. It makes me feel so smart when I actually follow along with things

  • @NicolasGanea
    @NicolasGanea2 жыл бұрын

    Thank you you guys are back! Glad you guys got your youtube account back

  • @Aforce90
    @Aforce902 жыл бұрын

    I was just about to research this area, perfect timing. Big up the notification crew!

  • @lynxlagoon

    @lynxlagoon

    2 жыл бұрын

    hijacking this comment to make everyone aware that there is one project that managed to scale Proof of Work, while being energy efficient AND improving decentralization + security It's called Kadena and can do 480,000tps, why is no one talking about this?

  • @conra9560
    @conra95602 жыл бұрын

    Excellent explanation as always 👍 Could you do DAG vs “zero” knowledge proof?

  • @niconoire
    @niconoire2 жыл бұрын

    Adoption of "improvements" should be a slow and tedious process. The "improvement" in question should only be adopted if its value proposition is so compelling that it can inspire consensus among the many disparate actors forming the network.

  • @evanmichaels6156
    @evanmichaels61562 жыл бұрын

    80,000 more subscribers than Bitboy!!

  • @CryptoJoeTrading
    @CryptoJoeTrading2 жыл бұрын

    Congrats I have been watching you for years always deliver on point messages

  • @doubledown9
    @doubledown92 жыл бұрын

    Fantastic as always! Extremely comprehensive!

  • @grantsteel1050
    @grantsteel10502 жыл бұрын

    Thanks Guy, very informative! Well delivered as usual.

  • @khanu.s.a6091
    @khanu.s.a60912 жыл бұрын

    Thank You for an excellent and easily understandable description and explanation of Proof of Work v.s Proof of Stake Consensus Mechanisms. Despite being concise you present information with such good examples that it makes it very convenient to grasp the basic concept of Blockchain and Crypto technology. No wonder your subscribers are increasing day by day and that is good to see.

  • @PuI2ePLaYaZ
    @PuI2ePLaYaZ2 жыл бұрын

    Very educational... very thankful for the knowledge earned from watching this video Mr. Guy. Thank You!

  • @madslug7139
    @madslug71392 жыл бұрын

    Thank you! Great as all ways!

  • @RRMM77
    @RRMM772 жыл бұрын

    Muchas gracias amigo guy.

  • @otc0076
    @otc00762 жыл бұрын

    I knew you'd be able to break it down the best thx

  • @connie1070
    @connie10702 жыл бұрын

    EXCELLENT VIDEO!!! Thank you, you explained this process in a manner that even I can understand how it works. Well done sir!

  • @ronakio
    @ronakio2 жыл бұрын

    Congratulations Guy. You're number 1!!!

  • @fitnessforever247
    @fitnessforever2472 жыл бұрын

    Thanks Guy..please do a vid on the 'Types of Pos' we have in the space and explain in a nutshell how they work/are secured nd the differences between them.. E.g Pos , SPos , NPos , PPos etc. You can explain concepts of each and match some examples to them 🌟🙏🏆

  • @SomeonePlaysGames
    @SomeonePlaysGames2 жыл бұрын

    Man you cover so much knowledge around Crypto, you're a damn saint for the work you put into your videos. Thanks dude.

  • @brianpennay5356
    @brianpennay53562 жыл бұрын

    Congratulations on becoming #1 in the Crypto KZread space you passed Bitboycrypto

  • @jjemsnd7
    @jjemsnd72 жыл бұрын

    That was excellent very well explained it's something I didn't understand and I have a better understanding of it now thank you

  • @erickmandianez
    @erickmandianez2 жыл бұрын

    Amazing video!!! congrats. learning a lot from your videos.

  • @GMastrokostas
    @GMastrokostas2 жыл бұрын

    THE PROFESSOR IS HERE AND HE IS ONE HELL OF A GUY !

  • @dominikschwarz4420
    @dominikschwarz44202 жыл бұрын

    Thanks for your work.

  • @terrencealford4604
    @terrencealford46042 жыл бұрын

    Great tutorial Guy! Thanks

  • @tottibrotta4247
    @tottibrotta42472 жыл бұрын

    GREAT content! Thanks!

  • @preetisahani6417
    @preetisahani64172 жыл бұрын

    Guy love your vids. Always get excited whenever your videos get uploaded 🙂

  • @AP-ur2yy
    @AP-ur2yy6 ай бұрын

    The explanation is amazing. The way you broke it down and pieced it back together made me go ooooooh okay

  • @chythompson1222
    @chythompson12222 жыл бұрын

    You and Thoughty2 are the only people I have subscribed to in the last couple years. I figure posting this here will help spread his videos and I will mention you on his channel. Much love

  • @Joker3515
    @Joker35152 жыл бұрын

    Another great video! Thanks Guy!

  • @martinlong2804
    @martinlong28042 жыл бұрын

    Brilliant, well explained thanks

  • @nikolai9851
    @nikolai98512 жыл бұрын

    YOU DO GREAT WORK!

  • @I-done-did-it
    @I-done-did-it2 жыл бұрын

    Unless I’m mistaken, in 🇬🇧, interest earned on staking is classed as income, not capital gains. The same as airdrops on the day you receive them.

  • @AsianSensationz
    @AsianSensationz2 жыл бұрын

    I hope this means you got your account back! Good to have you

  • @danielschulz9304
    @danielschulz93042 жыл бұрын

    Great analogy, cheers

  • @xaeon_thesandbox
    @xaeon_thesandbox2 жыл бұрын

    Great vid as always!

  • @PaulStephenson003
    @PaulStephenson0032 жыл бұрын

    Thank you for sharing. subscribed

  • @Infinitbe
    @Infinitbe2 жыл бұрын

    Great content as always, and congrats for the lead 🏆

  • @TheeSeer
    @TheeSeer2 жыл бұрын

    Guy thanks for helping a Newby like me to understand this complicated adventure. PS: I saw that you are a music fan as I noticed your Recording Studio in another of your videos. I am a Vocalist and former Agent and spent time in the UK in the 1980's

  • @tomd5678
    @tomd56782 жыл бұрын

    Good to see you back

  • @ondemandtraders3009
    @ondemandtraders30092 жыл бұрын

    Hi there, Your content is incredibly valuable and I highly thank your efforts for providing quality education.

  • @adameskow562
    @adameskow5622 жыл бұрын

    such good content. thank you!

  • @atultiwari4750
    @atultiwari47502 жыл бұрын

    This GUY is crazy...I don't understand how he gets & understand such complicated information & makes it so easy to understand for beginners like me

  • @muhario1
    @muhario12 жыл бұрын

    Quality content as usual 🙌🏾🙌🏾

  • 2 жыл бұрын

    Congratulations Guy for being the biggest crypto youtube channel!!!

  • @toddelphick9965
    @toddelphick99652 жыл бұрын

    Great informational video.

  • @mrmike2063
    @mrmike20632 жыл бұрын

    Thank you for the info sir

  • @moecom8540
    @moecom85402 жыл бұрын

    u r the best ! thanks bro

  • @sjorsbertrand
    @sjorsbertrand2 жыл бұрын

    How do you manage to make a video about a subject I want to learn more about every single time? Keep up the great work!

  • @eddymoffis8396
    @eddymoffis83962 жыл бұрын

    Trading systems allow you to limit the factor of emotional influence on decision-making,

  • @collinsjade845

    @collinsjade845

    2 жыл бұрын

    as well as to give the trade a certain degree of systemic character.

  • @paulkelvin7163

    @paulkelvin7163

    2 жыл бұрын

    This is very correct.

  • @paulkelvin7163

    @paulkelvin7163

    2 жыл бұрын

    To the newbies, you should also note that this data is worthless without an existing understanding of data analysis,

  • @paulkelvin7163

    @paulkelvin7163

    2 жыл бұрын

    Nothing interests me than talks about Bitcoin and how to make money trading forex.

  • @kumarsooraj9488

    @kumarsooraj9488

    2 жыл бұрын

    you will understand when you have a good coach like expert Eric Campbell.

  • @ebertenor
    @ebertenor2 жыл бұрын

    honestly this is one of the more useful vids

  • @mgreek31
    @mgreek312 жыл бұрын

    Thanks for the news

  • @HobbitJT
    @HobbitJT2 жыл бұрын

    Excellent content, really like the way you’ve explained with easy to understand examples

  • @Chatbox_of_ANTI-CHEF

    @Chatbox_of_ANTI-CHEF

    2 жыл бұрын

    Do you trade, hold , margin trade or future trading bitcoin or any other ? and your comment is nice

  • @Buksdorf
    @Buksdorf2 жыл бұрын

    these videos are my heart and soul on crypto. thanks Guy

  • @kriswillman2779
    @kriswillman27792 жыл бұрын

    The information on here is top notch. Very easy to digest even for newbies.

  • @first2becheesedgrimberg6
    @first2becheesedgrimberg62 жыл бұрын

    Always a great guy for guides

  • @agostinhoserra
    @agostinhoserra2 жыл бұрын

    Nicely explain!

  • @ehern87
    @ehern872 жыл бұрын

    Always love getting financial advice from Guy!

  • @chloeevans6752

    @chloeevans6752

    2 жыл бұрын

    Not financial advice! 🤣

  • @FeistyJackball
    @FeistyJackball2 жыл бұрын

    Appreciate all your efforts!

  • @sylviabells8224

    @sylviabells8224

    2 жыл бұрын

    Hello Christopher

  • @tanyainglis3544
    @tanyainglis35442 жыл бұрын

    Because Guy speaks & explains clearly , not just hype up coins tokens etc , bit boy talks so fast sometimes I get lost and lose my train of thought 🤣🤣

  • @Chatbox_of_ANTI-CHEF

    @Chatbox_of_ANTI-CHEF

    2 жыл бұрын

    Do you trade, hold , margin trade or future trading bitcoin or any other ? and your comment is nice

  • @hatbabai427
    @hatbabai4272 жыл бұрын

    I no longer binge-check prices, instead I enjoy learning from this channel Valuable stuff

  • @DisplacedPanda
    @DisplacedPanda2 жыл бұрын

    I think this video was awesome, but I think that addressing Proof of Storage would also be very interesting. Love you work

  • @Alan-vo4br
    @Alan-vo4br2 жыл бұрын

    I'm actually glad he got number 1 crypto channel, defo deserves it

  • @sylviabells8224

    @sylviabells8224

    2 жыл бұрын

    Yes Alan....how are you?

  • @Phantastikal
    @Phantastikal Жыл бұрын

    Amazing explanation with everyday examples

  • @FIgirl2035
    @FIgirl20352 жыл бұрын

    I’m new to crypto and still learning. Your channel is one of the main ones I watch to learn about crypto. This channel is excellent! I appreciate that there aren’t any ads interrupting at the most awkward times and I love how you explain things easily and clearly. Your crypto swag is 🔥 your crypto rhymes are 🔥 Thank you for providing all of this awesome info!!

  • @rammachiraju

    @rammachiraju

    2 жыл бұрын

    PoS system leads to centralization and can impact it's core protocol due to this type of centralization. With PoW people like you say miners equipment is expensive and it gets centralized. But miners do not have any special powers to control the BTC protocol. They just create and provide a block to the nodes and keep network secure. If nodes do not accept it, they can't do anything. Miners are more like service providers to Bitcoin where nodes are the actual users/participants or bitcoin. Same with protocol changes. Miners can't do shit without majority of nodes agreeing. The more participants we have running simple nodes, the more resilient the network is thereby providing true decentralization. When blocksize war happened majority miners wanted to change block size but failed coz nodes didn't accept it. All you need is a node to participate in any changes proposed. It's super easy to run Bitcoin node due to the size of block and transactions are account to a simple ledger. That's why it stays easy in future. Unlike application blockchains like ETH where it'll get increasingly harder and harder to run a full node. But anyone can run a node with simple hardware on Bitcoin now and in future. That's how BTC stays truly decentralized.

  • @canadiancorn8594
    @canadiancorn85942 жыл бұрын

    Want to give props to your AV, guy… very professional work. Do you have any videos that discuss the possible implications of quantum computation on the future of the network security? You have a way of making these “technical” things make more sense.

  • @AlexFurusa
    @AlexFurusa2 жыл бұрын

    Guy my guy. I was actually looking for this and you happened to be posting it today.

  • @popsmokereal5902

    @popsmokereal5902

    2 жыл бұрын

    Same

  • @porkchopking656
    @porkchopking6562 жыл бұрын

    Love your work guy 👍

  • @om5335
    @om53352 жыл бұрын

    Great video , very educative

  • 2 жыл бұрын

    This was so much knowledge presented as simply as possible. Great video. I think a part of creating decentralization is educating people how the technology works and how it can solve problems in todays society. I just wish we will collectively be able to decide, that decentralization is something good to happen.

  • @blacklanner5886
    @blacklanner58862 жыл бұрын

    Algorand has the lowest staking requirement of only 1 ALGO. It's also not susceptible to attacks types that plague other PoS systems.

  • @davidmvg216146
    @davidmvg2161462 жыл бұрын

    Always the best content in the space

  • @PesoSmartPH
    @PesoSmartPH2 жыл бұрын

    The biggest crypto channel in the interwebs!

  • @arcanine_059
    @arcanine_0592 жыл бұрын

    Excellent explanation of PoW and PoS without taking a bias approach. You showed each side's pros and cons and for that you deserve my like and subscribe.

  • @rammachiraju

    @rammachiraju

    2 жыл бұрын

    PoS system leads to centralization and can impact it's core protocol due to this type of centralization. With PoW people like you say miners equipment is expensive and it gets centralized. But miners do not have any special powers to control the BTC protocol. They just create and provide a block to the nodes and keep network secure. If nodes do not accept it, they can't do anything. Miners are more like service providers to Bitcoin where nodes are the actual users/participants or bitcoin. Same with protocol changes. Miners can't do shit without majority of nodes agreeing. The more participants we have running simple nodes, the more resilient the network is thereby providing true decentralization. When blocksize war happened majority miners wanted to change block size but failed coz nodes didn't accept it. All you need is a node to participate in any changes proposed. It's super easy to run Bitcoin node due to the size of block and transactions are account to a simple ledger. That's why it stays easy in future. Unlike application blockchains like ETH where it'll get increasingly harder and harder to run a full node. But anyone can run a node with simple hardware on Bitcoin now and in future. That's how BTC stays truly decentralized.

  • @s3g4_21

    @s3g4_21

    Жыл бұрын

    Not at all. PoS is just a scam

  • @TheHuntNorthAmerica
    @TheHuntNorthAmerica2 жыл бұрын

    love your sweatshirt!

  • @vineetbrahmankar3039
    @vineetbrahmankar30392 жыл бұрын

    i didn't understand all the key points in first view. I had to watch the video twice but that's ok absolutely worth watching. Thanks for such videos Guy. 👍🏻

  • @goldengold8568
    @goldengold85682 жыл бұрын

    Highest quality content indeed.

  • @davidwurm4885
    @davidwurm48852 жыл бұрын

    Another good session!

  • @dazzybizzle
    @dazzybizzle2 жыл бұрын

    You are a legend, and on this day... you became the largest crypto channel in all the interwebs 😉 Thank you for breaking this information down, it reduces the FUD, and actually allows people to be educated and learn. Most channels are either about unnecessary hype or using jargon which no one understands, and the main purpose, is to try and get user adoption. You are the balance. Keep it up, you are the guy!

  • @dddruwu
    @dddruwu2 жыл бұрын

    Thanks! I learned something new today!

  • @Chatbox_of_ANTI-CHEF

    @Chatbox_of_ANTI-CHEF

    2 жыл бұрын

    Do you trade, hold , margin trade or future trading bitcoin or any other ? and your comment is nice

  • @dddruwu

    @dddruwu

    2 жыл бұрын

    @@Chatbox_of_ANTI-CHEF i hold and margin trade

  • @davidumason5424
    @davidumason54242 жыл бұрын

    Perfect disclaimer, thank you very Guy. your up to date crypto education has mine a crypto geek out me.

  • @Chatbox_of_ANTI-CHEF

    @Chatbox_of_ANTI-CHEF

    2 жыл бұрын

    Do you trade, hold , margin trade or future trading bitcoin or any other ? and your comment is nice

  • @toshbel
    @toshbel2 жыл бұрын

    Useful, thanks.

  • @joeont
    @joeont2 жыл бұрын

    Another brilliant episode

  • @dimanyc2004
    @dimanyc20042 жыл бұрын

    Great stuff, as always. I just took a few pages of notes from this video. Would be cool to see a comparison of PoS vs. DPoS some day. Thx, Guy!

  • @sylviabells8224

    @sylviabells8224

    2 жыл бұрын

    Hi

  • @jamessierra119
    @jamessierra1192 жыл бұрын

    Nice tips 100% sure!

  • @luluberry3730
    @luluberry37302 жыл бұрын

    His explanation is really really good.

  • @gaussniwre866
    @gaussniwre8662 жыл бұрын

    I have nothing but respect for the work you do. This again is a really good intro to PoW and PoS. That being said a little correction: PoW and PoS are *not* consensus algorithms. Their goal is to protect against sybil attacks. In the case of PoW for bitcoin (and others) the consensus algorithm is simply always look at the longest chain (which works because of the work put there). For PoS this is less clear (it does not work to chose the longest chain) and, hence, another protocol layer, the actual consensus algorithm, is needed. In case of future Ethereum that would be the rules regarding the pseudo-random selection of block proposer and slashing rules. Avalanche, also PoS, has a very different consensus algorithm which does not randomly select a block proposer but works through random vote sampling. I hope this shows that these are not the same concept: sybil resistance vs consensus algorithms.

  • @Chatbox_of_ANTI-CHEF

    @Chatbox_of_ANTI-CHEF

    2 жыл бұрын

    Do you trade, hold , margin trade or future trading bitcoin or any other ? and your comment is nice

  • @Firstname_Surname

    @Firstname_Surname

    2 жыл бұрын

    Yes, PoW and PoS are not consensus algorithms, but rather consensus mechanisms.