Proof of Work VS Proof of Stake - Simplified Explanation

cryptonauts (45)in #bitcoin • 6 years ago (edited)

A clear video explaining proof of work vs. proof of stake, brought to you by Cryptonauts.

CORRECTION: Your stake percentage to win signing a block is actually dependent on how much you own in a stake pool, so you would obviously be competing against many other stake holders, not just four.

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#cryptocurrency #video #blockchain #crypto

6 years ago in #bitcoin by cryptonauts (45)

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tech4all (49) 6 years ago

There is a very interesting DLT, called NEM, that uses PoI (Proof of Importance). It is like an improved PoS.
More info about NEM here

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chayen (38) 6 years ago

nice

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cryptonauts (45) 6 years ago

@chayen Thanks!

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steemvive (32) 6 years ago

good works.. well done brother..

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cryptonauts (45) 6 years ago

@steemvive Thank you!

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rlucas20 (47) 6 years ago (edited)

New MovieCoin white paper was released. Very interested in that coin, any chance you can do a review on that? I posted an update on my steem

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crypto-luke (30) 6 years ago

Very nice explanation. Thanks for sharing!

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cryptonauts (45) 6 years ago (edited)

@crypto-luke Thank you for watching! Glad you liked it!

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