Proof-of-stake and proof-of-work help ensure users are honest with cryptocurrency transactions in different ways. AntolinWriter explains the pros and cons of each:
. Both consensus mechanisms have economic consequences that penalize malicious actors who try to disrupt the network.Proof of work is a competition between miners to solve cryptographic puzzles and validate transaction in order to earn
. Proof of stake implements randomly chosen validators to make sure the transaction is reliable, compensating them in return with crypto. Each choice has unique advantages and disadvantages.Proof-of-work requires a significant amount of energy to verify transactions. Since the computers on the network must spend a lot of energy and operate a lot, the blockchain is less environmentally friendly than other systems. Another problem is centralization, as top miners are always competing for rewards.
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