What is Proof of Stake? How it works (Animated) + Ethereum 2.0 Upgrade!
Proof of Stake is a consensus model used by many cryptocurrencies (including Ethereum 2.0) that switches the way it picks the miners or validators that confirm blocks. Instead of letting luck pick those with the largest or fastest computers, proof of stake switches to a random selection process of those that put up a stake to validate future transactions.
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I have been following this channel for quite some time now - and the information is helpful beyond words. I'm fascinated by the topics themselves as well as your clarity of understanding and way of explaining these topics. Hats off to you both! And yes, would be grateful if you could create a video on delegated proof-of-stake.
I don’t usually comment on KZread videos but this is amazing, I understood everything you said even with my limited knowledge about Crypto ! Keep it up !
Best video I've come across to understand proof of work vs proof of stake. Thanks.
I learn so much from your videos - thank you! Also, you graphics are excellent.
your channel is great i'm learning all the way from vid 1!
Really like the racing example for proof of work.
Excellent job. I hope you going to do a video on proof of history for solana.
Amazing 👏 explanation first time and I understood it vividly, you are a great Teacher. Thank you.
This channel rocks! Keep up the good work guys!
Lol "Satashi"
Awesome work guys! you're rocking it 🎸
Thnak you fro this precious info!!
Beautifully explained. Need the delegated proof of stake video. Please consider.
thanks for another great video. please, make also a video on the delegated POS. thank you!
I love all your work in this channel and watched most of videos in 2 days. Will love to see more...May your channel grows in million club. All the best
Best of the best channel for crypto
If you are selected to validate a block in proof of work, do you get a specific reward? Or just the % apy of staking your coins?
Thanks for the video. I'd like to hear more about Delegated PoS.
What software do you use for animations?
Very well articulated, you have a future, maybe as a crypto wizard 🧙🏿♂️ awesome job man, keep up the great work + the energy + the awesome animations
Great content ! Definitely interested in the details of delegated proof of stake !
Great stuff!! Keep it up
Thanks for the video. Did you ever do a video on delegated POS?
Guys, you're doing an amazing job, so great videos, very nice to watch, very clear and straigh-forward information, thank you very much for your effort!
Is there a way to do both regular PoS and delegated PoS? My computer is used in the daytime & goes off at night, so during the day it'd be nice to be a validator, but at night, it'd be great to turn that responsibility over to someone else.
Great video as always PS: you forgot to add sections in the timestamp
Great video and explanation. Just one huge error at 7:20 isn't it Satoshi not Satashi? 😂
It's very unlikely that Bitcoin transitions to POS because those who can vote are mainly those who have invested the most in mining hardware which would be useless then
delegated proof of stake is what exchanges do for us? we stake them there and they do all the work?
in the analogy: changing the finish line location in a 2/3d track could be better than struck by lighting
would love to see a video on delegated proof of stake
Yesssss we want a video on delegated staking!!!!
I would love to see a video on delegated proof of stake!
@fatballerstedt3072
2 жыл бұрын
Same!! Love your work, very well done
@neil1467
2 жыл бұрын
I want to see a video about delegate proof of stake too! What happens when the person that has the validator stops validating in the blockchain. Will the person that is the delegate proof of stake lose their coins too since they are staking it?
@dxpdigital5343
2 жыл бұрын
@@neil1467 you should probably learn the basics of the blockchain first then instead of skipping around randomly
@dxpdigital5343
2 жыл бұрын
@@neil1467 literally tons of short videos about it, do your due diligence and type keywords into a damn search bar. It’s like you have to be handed every single thing…
@VipinValsan-VIP-
2 жыл бұрын
@@dxpdigital5343 why are u being condescending? Neil C is here because he is interested and searched.. By asking questions it shows he is curious, which is a good trait.. While u on the other hand are looking down on him...
So do I have to run my PC for getting PoS rewards ? because you said at 3:40 that they can took away my staked money if I turn the PC off or loose Internet Connection. Where does the power for the Network come from ?
I have 5.1 so I heard it at the center, so, good :)
Another excellent video! And I would like to see a video on delegated proof of stake.
@mohammadbagheri7940
2 жыл бұрын
me too
@yaoxi-hai3308
2 жыл бұрын
What'sapp✙13236478874 More updates on XRP, NFT’s, BTC📊 What'sapp✙13236478874 More updates on XRP, NFT’s, BTC📊.
how does the validation happen is this a manual work? or by running a program and leaving it to check the transaction?
You have a commendable art of teaching. Thank you
i would love to see a video on delegated proof of stake
question can I still use an asic miner to do proof of stake? If I am home how do I engage in proof of stake on the ethereum network?
Great content
Proof of stake ls when you find out from friends if the steak in a restaurant is good before you eat there. 😁
I would love to see a video on delegated proof of stake
how does proof of stake validates? I mean, what happen when i get chosen to be a validator? Do i need to let my PC on 24/7 so it can validate the block?
What’s the difference between staking and being a validation? If you stake aren’t you temporarily giving your coins to eventually be picked as a validator? And if you’re picked do you have to download a mining software? Is that how it works?
wow, please make more vedio, youre content is verry helpful, God Bless
You’re a G!
Please turn on automatic caption (cc) for this video. Thank you
Hello I'm new to bitcoin/forex trading and I've been making lot of losses but i see a lot of people earning from it can someone please tell me what I'm doing wrong or at least give me a new strategy
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2 жыл бұрын
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2 жыл бұрын
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2 жыл бұрын
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@valeriemelisende3731
2 жыл бұрын
The first time I encountered Frank Woodman was in a seminar in Hong Kong sometime last year and he is a man of vision I must say. Highly recommend if the goal is making consistent gains off crypto trading
@weiminqiang9941
2 жыл бұрын
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ETH Validators are randomly selected to propose new blocks. There is a time limit of 12 seconds for the whole process to complete. This means that the selected validator must "mine" the next block in just a few seconds. How is this possible with the current ETH validator hardware specs??
Could you link a good whitepaper on PoS? Some thing like the original bitcoin paper, is there an original PoS paper?
we want the delegated proof of stake video!
Extremely helpful as first learning tool. Your work is greatly appreciated.
Thanks. Another fantastic video
2nd day of binging crypto vids and ur channel feeding me HARD - Delegated proof of stake for the algo P L S
This is a promo video for ethereum (which still hasn't switched to POW 7 months later!). I would have hoped for a better explanation about the advantages/disadvantages of POS.
I would like to see a video on delegated proof of stake.
When someone's stake removes (e.g fake transaction) where it is going?
Wouldn't mind a video about steaks.
SatOshi* Thanks. 😆
Still confuse, you stake coin for mining but mining do need computing power isn't it Where that computing power come from again ??
Would have been great if it were explained where the yield comes from in proof of stake.
hi I'm a newbie in this matter, however, I invested some digital assets in one mining pool and somehow I won some rewards to make withdraws is necessary account verification 20% but after that pass successfully is necessary POS "proof of interest" verification which require 30% additional founds my question is what is that POS verification
Do the users who don't compete in the race get their stake back?
Great video - but two questions that come to mind are - given the whole thing is decentralised, how is the decision on the next forger made consistently across all nodes - there is no centralised decider right? Also, perhaps an explanation as to how it might be theoretically possible for a fraudulent transaction to take place - in bitcoin afaik , an invalid transaction is basically impossible, the miners award themselves the correct mining reward in the block they are trying to solve, but that amount is validated and rejected by all nodes of the amount is wring
@jonathanlindskog6208
10 ай бұрын
proof of stake is not decentralized
What does 51% mean? Say everyone else goes offline, I’m the only one with Bitcoin client running, does that mean I can do whatever change I want?
We want video on delegated proof of stake. Thanks for this video, found it informative.
I didn't really unsderstood the part with 51% attack
Please someone explain poS so I buy 1ethereum and stake it ? That’s it ? And how do I make money on that how much do I make? Is it like staking on binance wallet?
Please explain XRPL Consensus mechanism also
Ah lol now my right ear understands as well now.
can you show me tool to make a slide like you did?
if you stake on ETh 2.0 your funds are stuck untill or IF THEY EVER fix/ finish ethereum...
Yes! DPos pls!!!
Satashi?! The man's name is Satoshi.
please make a video on 51% attack.
How will the fraudulent transaction get reversed under POS?
I want to learn about delegated proof of stake! 🙏
I want a video on delegated proof of stake)
Translation: Etherium transferring from PoW to PoS would shut down ETH mining operations and force them to either mine something else, or sell their hardware to recover their costs if they can't turn a profit mining something else.
We want video on delegated proof of stake
what is staking a coin mean for anyone like me. I am neither a minor nor validator (i just want to invest in it). Could be able to explain this for some one like me?
Staking is one way of earning in crypto. I do stake then wait then I get small income/profit but its just okay. I really want to stake in mrcr cuz I know they will have bright future in the world of crypto.
Looks like Crypto's endgame is centralization
Struck by Lightening 😀
I want to know about delegated proof of stake please make videos.
Does proof of stake solve an easier hash problem? Does that mean it is easier to hack the whole block chain
POW gives anyone the opportunity to participate while POS shifts control to the whales. Well done!
@ThePipeMonk
2 жыл бұрын
A minimum amount of 32 ETH is required to even start staking.
Bro presented PoW vs PoS incredibly well and then said Satashi 💀
Your work is so, so good! Keep it up. I would love to see more on delegated proof of stake as well as an explanation of the Bitshares DEX. Thank you!
I think you should take a look at hydrachain in one of your videos.
When you stake for instance ADA, are your coins actually “technically” being used for anything? What exactly are your tokens doing when they are staked?
@Danny2k38
2 жыл бұрын
Sweet fck all, its just a stake
@johnnylouis5343
2 жыл бұрын
I just got into bitcoin trading and I made my first profit... I wish I knew about it earlier
@morganfrank5200
2 жыл бұрын
How profitable is cryptocurrency investments right now? I’m interested especially since there is a bull run, I need suggestions
@blessingphill7180
2 жыл бұрын
Is there a difference between trading btc and just having btc in your wallet?
@douglaschris2048
2 жыл бұрын
Bitcoin trading is different, It’s actually the most lucrative way of making money from bitcoin
you forgot to mention how POS incentivizes the cantillon effect, which is one of the main reasons POW is the superior consensus algorithm
we want video on delegated proof of stake
Bitcoin code goes on multiple improvements daily, you mentioned otherwise in 7 minute of the video
Make a video on delegated proof of stake!
@dinggwa1299
2 жыл бұрын
So if you stake your crypto without having the computer and node set up it's delegated proof of stake? Aka what most people do?
Is Ethereum PoS now?
Isn’t his name Satoshi - not Satashi?
When will we get a POP consensus algorithm? After all, the proof is in the pudding!
Proof of stake is doing proof of transactions in exchange for mining more crypto