Liam Perez
Liam Perez 1 minutes reading from Bitcoin

Do Miners Have Proof Of Stake & Proof of Work

Proof of stake & Proof of Work !

Let's see what is the difference between the 2 cases..

Crypto Slashing BTC @Etherum blockchain Validator @cosmos

@solana stacks

PoW (Proof of Work) :

Miners must compete to solve equations with proof of work. Once a miner has obtained a blockchain block, the system depends on that miner's integrity and adherence to the rules...

... However, if one group of miners controls more than 50% of the market, they can stop transactions from being completed and commit double-spending fraud by spending coins more than once.

PoS (Proof of Stake ) :

With proof of stake, miners can only validate blocks if they have a "stake," or security deposit. Attackers forfeit their stake if they use dishonest methods...

... Since it is impossible for cryptocurrency attackers to double spend or steal money without losing their original investment, there is no practical incentive for them to interfere with the blockchain.

This post is based on this twitter thread.

Comments

Please login to comment.
CoinCodeCap Trading CoinCodeCap Trading
read at 27 minutes

0 0 0
BEARBIGS BEARBIGS
read at 34 minutes

0 0 0