Proof of Work vs. Proof of Stake: A Simplified Explanation

in #cryptocurrency5 years ago

Proof of Work vs. Proof of Stake

These are the two most common algorithm models used by blockchains to reach consensus in a decentralized way. This is a critical component of what makes blockchain technology so special.

If you know a little bit about PIVX then you already know that our network runs on Proof of Stake. But what does it all mean?

Join in this episode of "What's Poppin With PIVX" for a simplified explanation of Proof of Work vs. Proof of Stake.

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To ALL PIVX community members, feel free to RESTEEM this article! Let’s keep spreading the word of our amazing community focused privacy centric global cryptocurrency.

Keep it purple people! - #TranslationPIVXteam