Proof of Work vs Proof of Stake by techno7777 at reddit
63 comments
The post leads to Yours.org:
Proof of Work vs Proof of Stake
by Eli Afram
May 29, 2018
Excerpt:
One of the primary tenets that underpins Bitcoin’s operation is its Proof Of Work algorithm (PoW for short). But since 2012 there’s been a snowballing movement among many crypto enthusiasts to what is now known as Proof Of Stake (PoS).
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Proponents of PoS argue that it fundamentally achieves the same outcome as PoW with much less energy expenditure. The argument follows that, in the same way that miners spend and invest in hardware, and therefore reap rewards in their competitive advantage, so do forgers (miners) in the PoS system, where the more coin a forger has, the more chance of generating a block. In other words, the rich stand with a competitive advantage to get richer, but PoS advocates claim that this model and competitive advantage is no different to PoW.
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read entire article: yours.org/content/proof-of-work-vs-proof-of-stake-5437b3a591e7
