Proof of Work vs Proof Stake - What's The Difference? [ PoW and PoS Explained With Animations ]
Ойын-сауық
Proof of Work vs Proof of Stake, we’ve all heard the terms, often framed as one against the other, like Coke and Pepsi. But at its core, they both try to solve the same problem, the consensus of trust in a blockchain network.
However, the issue of achieving consensus has ignited a fiery disagreement between the two camps.
On today's CoinMarketCap Explain Like I'm 5 we discover what exactly is the difference between Proof of Work and Proof of Stake.
🔔 From crypto news, to market moves, and to educational how to videos. If you want something more than just hype and to actually learn about crypto, make sure to hit the subscribe button right now and turn on notifications to not miss out on new videos!
🔵 Coin Market Cap is the world's most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto accessible all around the world through data and content.
📲 Download our app!
IOS : apple.co/3dOkokH
Android : bit.ly/3gHyJkS
🤝 Join CoinMarketCap!
bit.ly/3dVaEoS
Follow CoinMarketCap on social!
/ coinmarketcap
/ coinmarketcap
/ coinmarketcap
/ coinmarketcap
t.me/CoinMarketCap
📩 Subscribe to our Newsletter!
coinmarketcap.com/newsletter/
Пікірлер: 48
Why do the validators need to lock anyones money up in form of a stake? Also why would I want to have my money locked up? What is the point of locking it so no one can use the money?
It is possible to mine in an ecological way without consuming energy, in a renewable way, the big difference between POW and POS is that the first is decentralized and secure and POS is centralized by a few and insecure, it can be hacked and CEOs can forks and perform changes to have their own benefit is a total lottery you do not have any type of security
Well and clearly explained! Great job
great vid and very easy to understand!
@CoinMarketCapOfficial
Жыл бұрын
Glad you liked it!
Thanks Fam😇
I would like to learn more about these cryptocurrency processes
but proof of stake have some problems if the person will invest their money and they lost it so what should he do i mean that crypto can't be recover (money) i think proof of work is great for us but we need to use solar energy or wind energy in off grid not a on grid personal one one time investment.
I hope for the emergence of photonic technologies that will allow us to produce proof using the energy of the Sun.
Genial.
I think this is were core comes She solves the two proof of work and proof of stake Core dao to the moon
🎉
POW all the way, pure without any politics.
It's sad the comparison of PoW and PoS are made with equivocations to (Coke or Pepsi, and Ford or Chevrolet). The proper comparison would be Bitcoin's Sha256 Hash vs another Hashing Algorithm. The proper comparison to Eth's PoS would be a Fiat Currency.
LIKE & COMMENT FOR THE ALGORITHM!
Proof of work… nobody I know could afford enough ETH to be a validator. All my friends have graphics cards for gaming to mine ETH so in theory it’s more decentralized
@Renzo-of3yn
Жыл бұрын
You need more than two or three graphics cards to be a miner. It's not rentable
Presentation is very corny, but info is on point
how to cooperate with you?
❤❤❤❤❤
Good
This doesn't explain proof of stake in general. Cardano doesn't need smart contracts for their version of proof of stake nor do they have "slashing" where you can lose your tokens because your turns stay in your custody and are never locked up anywhere. There is no unlocking period
Thank's cmc 💙
With the consensus wars, Peercoin (Pioneer of Proof of Stake) will move to the Top-10 again after years. it's a Dino crypto like Doge.
lol the block at 1:38 says 'minnig'
@CoinMarketCapOfficial
Жыл бұрын
Nice catch ;)
@HisNameIsCheese
Жыл бұрын
Or 0:39 hal finneys name is spelled wrong
🥰💞
MINING IS A GOOD FOIR ME BUT NOW I THINK LOOOSE NOT STAKE AND 70% OF PEOPLLE NOT STAKE TO EARN AND GO TO MIINE OTHER CRYPTO!
POW
ผมตะถอนเงินได้อย่างไร และเชื่อมต่อkycยังไงครับผมมีเงินมาแต่ถอนไม่เป็น
pow or gtfo 😎
Too much talk less explanation…
Hal Finneys name isnt even spelled right
imbulya
always proof of work, POS is as its named a POS system (piece of shtt)
So, basically, Proof of Work and Proof of Stake both could easily become centralized when rich people really want it. But PoS has an advantage: it doesn't waste high-tech hardware and electricity.
@waleedehsan2307
Жыл бұрын
POS literally is a centralised system. The people who are “chosen” to build the next block are picked by some algorithm made by the entity who made the POS system. Whereas with Bitcoin, no one chooses the next person to make a block. It’s purely based on who does the most work. Hence no central body choosing or picking anything
@absolutehuman951
Жыл бұрын
@@waleedehsan2307 wait really? I'm watching a third video already and all of them don't make this part clear. How exactly do the validators know if the random "winner" fair?
@waleedehsan2307
Жыл бұрын
@@absolutehuman951 They don’t. They are just trusting that the central body who makes the algorithm is acting fairly. Randomness can’t be simulated, they just try their “best effort” at making it random. Proof of stake by nature is not a decentralised system
@absolutehuman951
Жыл бұрын
@@waleedehsan2307 that's horrible if true. And here I thought that there's a clever solution I'm not aware of... That really isn't a true crypto currency at all it seems, just normal money with extra steps! I mean, why even try then?