Proof of Work (PoW) vs Proof of Stake (PoS) | Bitcoin Basics (198)

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"What's Proof of Work (PoW)? Proof of Stake (PoS)? Why does Bitcoin use PoW? Advantages & disadvantages over PoS? Consensus? Staking? Key differences?"



TIMESTAMPS:

00:00 Start

00:24 Proof of Recording

02:17 Proof of Work (Bitcoin)

04:17 Real-world energy

06:41 Consensus mechanisms

10:06 Why consensus?

14:11 Making blockchain changes

16:35 Proof of Stake (Ethereum)

19:08 Proof of Work recap

21:52 Why Proof of Stake?

24:12 Ethereum's pre-mine

26:48 Key differences

29:43 Centralised staking

33:52 Disadvantage of Proof of Work

37:38 More centralised



Show: https://bitcoinbasics.help/198

Proof of Recording: 26-SEP-2022 | $18,820 | 755,702

#bitcoin #pos #pow



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