Cryptocurrency Q&A
What is the difference between PoW and pos?
What is the difference between PoW and pos?
Claudio
Thu Oct 31 2024
|
5 answers
1213
I'm trying to understand the distinction between two concepts in the cryptocurrency world: Proof of Work (PoW) and Proof of Stake (PoS). Could someone explain the main differences between these two?
5 answers
CryptoPioneer
Sat Nov 02 2024
These randomly selected validators have the responsibility of confirming transactions within the network.
Was this helpful?
274
52
TaegeukChampionCourageousHeartWarrior
Sat Nov 02 2024
Along with confirming transactions, the validators also play a crucial role in creating new blocks.
Was this helpful?
160
97
Martina
Sat Nov 02 2024
On the other hand, Proof-of-Work (POW) adopts a different approach for transaction validation.
Was this helpful?
77
84
Ilaria
Sat Nov 02 2024
It uses a competitive method where miners compete to solve complex mathematical problems to validate transactions.
Was this helpful?
351
40
DigitalDuke
Sat Nov 02 2024
Proof-of-Stake (POS) operates by employing validators that are chosen at random.
Was this helpful?
351
38
