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Tag: Ethereum

What is Proof of Work?
Crypto

What is Proof of Work?

What is proof of work? It may sound complicated, but it actually only involves four elements. The original document, a computer-readable document containing the data, a verifier, and an algorithm that produce the results necessary for the verifier to prove that the data truly exist….

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What is Proof of Stake (POS)?
Crypto

What is Proof of Stake (POS)?

Proof-of-stake protocols are a group of consensus algorithms for blockchains which function by randomly choosing validators in relation to their amount of stake in the related digital currency. Unlike a proof of balance protocol, PoS networks don’t incentivize extremely high amounts of electricity consumption as…

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