Proof of Work vs Proof of Stake Explained Simple

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=XFYhPCjgakM

Proof of Work (PoW) was created almost two decades ago in late 1990s, by Markus Jakobsson and Ari Juels. The main goal of PoW is to deter denial-of-service attacks by requiring computational work to be done before block submission. This means that, in order to mine a Bitcoin block, you have to spend computational power witch cost electricity. Proof of Stake (PoS) is another consensus structure, like PoW, but instead of requiring work or computational power, it requires the miner to hold a large amount of the cryptocurrency • ================================================= • 💰Get a Coinbase Wallet! - https://www.coinbase.com/join/5a4bf25... Sign up! • 💰Get a Binance Wallet! - https://www.binance.com/?ref=21867060 Sign up! • =================================================== • ★ Any donation is highly appreciated. • 🔑 BTC Wallet Address: 16EtKHG2rwH2NqA4MniK4JRhzPyv5AeiER • 🔑 ETH Wallet Address: 0x1db0fa9a379e46cb205a39a0766e30d3e3d0d11e • 🔑 LTC Wallet Address: LRcmBavhskBURqmw1sujV5LS8WUPvfaNj8 • =================================================== • ➤How to Invest In Crypto: • Video • ➤Top Richest in Crypto: • Top 10 Richest People In Cryptocurren... • ➤Cool Facts About Bitcoin: • Video • ==================================================== • Thank you so much for watching! • ==================================================== • Proof of Work vs Proof of Stake | Proof of Work | Proof of Stake | Bitcoin | Neo | Ethereum | cryptocurrency consensus | blockchain technology

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