#81 Proof-of-Work vs. Proof-of-Stake + Master Nodes, DASH & PIVX
Bitcoin security (like most Blockchains) is based on Proof-of-Work Mining, which costs specialized equipment, electricity, and technical know-how. Ethereum is also Proof-of-Work Mining Coins for Ether, but they have plans to become Proof-of-Stake in their next few updates in these coming months.
Still, not everyone understands "Proof-of-Work Mining" for new tokens, verses "Proof-of-Stake forging" of new tokens. Also, the Proof-of-Stake concepts, fold into these blockchains "Master Nodes", which can provide very special blockchain powers for digital token creation, cool usages, and decision voting for specific Blockchain Governance!
So, in this video, we're going to review Proof-Of Work, Proo-fOf-Stake, and a masternode for tokens, such as DASH and PIVX. All that and more! Let's Discuss!
=== Show Links ===
► https://coinmarketcap.com/#BTC
► http://www.investopedia.com/terms/p/proof-work.asp
► http://www.investopedia.com/terms/p/proof-stake-pos.asp
► https://themerkle.com/what-is-a-masternode/
► http://dashmasternode.org/what-is-a-masternode/
► https://steemit.com/cryptocurrency/@mnemonic19/masternodes-in-cryptocurrency
► http://www.cryptonode.co/
► http://pivx.cryptonode.co/
► https://pivxmasternode.org/what-is-a-masternode/
► http://mymasternode.com/
► https://coinmarketcap.com/currencies/pivx/
► Wallet & Staking Tutorial:
► Request PIVX :) https://poloniex.com/coinRequest
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Let your kids give you a big hug on this one. It's always good to get your brain cells activated and you did just that for me. I've noticed that you are the clearest and most profound when you are on firm ground rather than trying to slush through figuring out the politics and making sense of regulatory roaches. I had a university professor who said it best, "Like trying to play tennis ankle deep in mud." Also followed you from YT.
Thank you! We are lucky that money is not our top priority, so we can just focus on making video content. Building community and information for people is our #1 priority :)
also followed you here from youtube. another amazingly clarifying and informative video. thankyou very much.
Welcome! Don't be a stranger ;)
Great videos boss, followed ya from youtube :)
That is awesome! Thank you :)