Proof-of-Work vs Proof-of-Stake: Key Differences in Blockchain Systems
Proof-of-work (PoW) and proof-of-stake (PoS) are two distinct consensus mechanisms used in blockchain systems. Both mechanisms serve to validate transactions and secure the blockchain network, but they operate on different principles and have key differences that impact their energy consumption, security, and validation speed. Understanding these differences is crucial for evaluating and selecting the most appropriate consensus mechanism for a particular blockchain application.
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