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

in #cryptocurrency • 5 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 https://twitter.com/thekelseycole in this episode of "What's Poppin With PIVX" for a simplified explanation of Proof of Work vs. Proof of Stake.

Find out more about PIVX at our website
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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

#blockchain #pivx #bitcoin #ethereum
5 years ago in #cryptocurrency by
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