0 votes
in BlockChain by
Differentiate between Proof of Work vs Proof of Stake.

1 Answer

0 votes
by

Differentiate between Proof of Work vs Proof of Stake.

Proof of Work (PoW):

In Blockchain, PoW is the process of solving a complex mathematical puzzle called mining. Here, the probability of mining a block is based upon the amount of computational work done by a miner. Miners spend a lot of computing power (with hardware) for solving the cryptographic puzzle.

Proof of Stake (PoS):

 PoS is an alternative to PoW in which the Blockchain aims to achieve distributed consensus. The probability of validating a block relies upon the number of tokens you own. The more tokens you have, the more chances you get to validate a block. It was created as a solution to minimize the use of expensive resources spent in mining.

Related questions

+3 votes
asked Aug 14, 2019 in BlockChain by rahulsharma
0 votes
asked Aug 27, 2021 in BlockChain by sharadyadav1986
...