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RE: Steemit Crypto Academy Contest / S5W2 - Get to know the Steem Blockchain

in SteemitCryptoAcademy2 years ago (edited)

What are the differences between DPoS and PoW?
DPoS Pow
Witness are selected by large stalk holder Witness are selected by how fast and efficient the witness produce and validate blocks
It's much more Cheaper to run It's very much expensive to run
It consumes fewer power resources It consumes more power resources.
It's a faster and newer consensus mechanism It's a slower and oldest consensus mechanism.
Having fewer and lesser Blockchain using the consensus mechanism most Blockchain technology uses the consensus mechanism, especially Bitcoin
It depends on how many assets you and your friends have It depends on how hardworking and capable you are in Blockchain validation.

Your explanations of the differences between DPoS and PoW has been explained in a very simpler and common language which i do understand it perfectly. I have got to know that DPoS is cheaper whiles PoW is less cheap. Which is why i think most blockchains turns to be using it. Well done

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 2 years ago 

Thank you very much