US EditionProof of Work (PoW) vs Proof of Stake (PoS): Differences Explained
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Proof of Work (PoW) vs Proof of Stake (PoS): Differences Explained
Proof of Work and Proof of Stake are two essential parts of blockchain technology. They are consensus mechanisms that control the coordination and maintenance of blockchain technology. This is because blockchain is a distributed ledger of transactions, a recorded data exchange of value. Consensus Algorithm – Image: OpenLedger Therefore, participants must agree on a standardized mechanism for how blockchain nodes operate. Also, they must agree o…
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