RELATED POST In a proof of work system, miners compete to solve a computationally difficult puzzle in order to create a new block and earn a reward. This process consumes a lot of energy and resources. In contrast, in a proof of stake system, like what Cardano uses, the creator of a new block is […]
Category: proof of stake
PROOF OF STAKE: AN EASY TO UNDERSTAND EXPLAINATION
RELATED POST Proof of Stake is a way that people can help make sure that the rules of a particular network are followed, without using a lot of energy. Imagine a neighborhood where everyone has a special rock that they can use to cast a vote on something. In proof of stake, instead of using […]