Intro

In my tutorial series of different topics, I am trying to discuss from basic point of view sequentially so that by following one after one anyone get idea from very beginning those have no idea on these issues. Someone may find it very easy who are experienced in this field but I am trying to educate people who are unknown the issues. Hopefully the series of tutorials, I am writing here in this TronFanClub (TFC) community will be helpful for the beginners.

In blockchain system, a group of people have to contribute in the data verification before posting any data to the blockchain ledger. They are called miner which I have discussed in my previous tutorial. As the miners are contributing in blockchain, they are rewarded in native token. In general, there are three methods of mining.

Proof of Work

Proof of Stake

Delegated Proof of Stake

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Proof of Work

In blockchain like bitcoin, a critical algorithm has to be solved to validate any transection. For solving that algorithm, powerful computer is needed. Those computers have high configuration, can solve first and therefore contribute more in the blockchian. Actually, they are contributing in the blockchain data validation. So, they are rewarded for their contributing. That is mining and this method is called Proof of work. As they can mine (or get) more for their contribution by work.

mining system is the best example of Proof of Work mining system.

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Proof of Stake

In any specific blockchain, those who have purchased large amounts of native tokens, can be involved in mining. This is called Proof of Stake system of mining because when staking (or holding) is more, the opportunity is more for mining. Here, the top holders of the native token are being given facility in mining (or contributing in the blockchain thus earning).

is the best example of this method. Top 30 trx stake account are being offered to participate in mining for 6 hours. They are called Super Representative (SR). The list updated every 6 hours.

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Delegated Proof of Stake

We can call this as branch of Proof of Stake. Here, Miners are selected based on users’ choice like voting system in democracy. Here, miners will be selected based on the vote they get from other users. The more vote they get, the more possibility to be top listed. A specific number of top vote getters will have chance of mining. In that case, vote value depends on stake by users. The more stake any user has the more voting power he/she will be.

mining system is the example of this type of mining. Here, top 20+1 vote getters called witnesses will get chance for mining.

Thank You

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