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

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? Consenus? Staking? Key differences?”

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

Proof of Recording: 26-SEP-2022 | $18,820 | 755,702
#bitcoin #pos #pow

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