Proof of Work vs Proof Stake - What's The Difference? [ PoW and PoS Explained With Animations ]

Рет қаралды 34,625

Күн бұрын

Proof of Work vs Proof of Stake, we’ve all heard the terms, often framed as one against the other, like Coke and Pepsi. But at its core, they both try to solve the same problem, the consensus of trust in a blockchain network.
However, the issue of achieving consensus has ignited a fiery disagreement between the two camps.
On today's CoinMarketCap Explain Like I'm 5 we discover what exactly is the difference between Proof of Work and Proof of Stake.
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Пікірлер: 48

@Abba555 Жыл бұрын

It is possible to mine in an ecological way without consuming energy, in a renewable way, the big difference between POW and POS is that the first is decentralized and secure and POS is centralized by a few and insecure, it can be hacked and CEOs can forks and perform changes to have their own benefit is a total lottery you do not have any type of security

@averagedudeusa9722 11 ай бұрын

Why do the validators need to lock anyones money up in form of a stake? Also why would I want to have my money locked up? What is the point of locking it so no one can use the money?

@saradamata6170 Жыл бұрын

Well and clearly explained! Great job

@choojinho Жыл бұрын

great vid and very easy to understand!

@CoinMarketCapOfficial Жыл бұрын

Glad you liked it!

@emezuekingsleyugochukwu1476 Жыл бұрын

Thanks Fam😇

@edemobiolisaeloka3249 Жыл бұрын

I think this is were core comes She solves the two proof of work and proof of stake Core dao to the moon

@Osto79 22 күн бұрын

🎉

@VictorMedina-wy8jp Жыл бұрын

I would like to learn more about these cryptocurrency processes

@josesalinas8842 Жыл бұрын

Genial.

@pixboi Жыл бұрын

POW all the way, pure without any politics.

@crypton7332 Жыл бұрын

I hope for the emergence of photonic technologies that will allow us to produce proof using the energy of the Sun.

@satishyadav-iz3cv Жыл бұрын

but proof of stake have some problems if the person will invest their money and they lost it so what should he do i mean that crypto can't be recover (money) i think proof of work is great for us but we need to use solar energy or wind energy in off grid not a on grid personal one one time investment.

@sarthokbolag2636 11 ай бұрын

❤❤❤❤❤

@kidcurrency8963 Жыл бұрын

Proof of work… nobody I know could afford enough ETH to be a validator. All my friends have graphics cards for gaming to mine ETH so in theory it’s more decentralized

@Renzo-of3yn Жыл бұрын

You need more than two or three graphics cards to be a miner. It's not rentable

@princexavier3344 Жыл бұрын

LIKE & COMMENT FOR THE ALGORITHM!

@B.B.A_NETWORK Жыл бұрын

Presentation is very corny, but info is on point

@ranahamza576 Жыл бұрын

Good

@miketwenty1 Жыл бұрын

It's sad the comparison of PoW and PoS are made with equivocations to (Coke or Pepsi, and Ford or Chevrolet). The proper comparison would be Bitcoin's Sha256 Hash vs another Hashing Algorithm. The proper comparison to Eth's PoS would be a Fiat Currency.

@rianabdulazis3500 Жыл бұрын

Thank's cmc 💙

@berryfang4424 Жыл бұрын

how to cooperate with you?

@rastamandita23 Жыл бұрын

MINING IS A GOOD FOIR ME BUT NOW I THINK LOOOSE NOT STAKE AND 70% OF PEOPLLE NOT STAKE TO EARN AND GO TO MIINE OTHER CRYPTO!

@cryptoclasswithjay Жыл бұрын

This doesn't explain proof of stake in general. Cardano doesn't need smart contracts for their version of proof of stake nor do they have "slashing" where you can lose your tokens because your turns stay in your custody and are never locked up anywhere. There is no unlocking period

@lynx6597 Жыл бұрын

With the consensus wars, Peercoin (Pioneer of Proof of Stake) will move to the Top-10 again after years. it's a Dino crypto like Doge.

@rachi7670 Жыл бұрын

🥰💞

@shreddershane240 Жыл бұрын

lol the block at 1:38 says 'minnig'

@CoinMarketCapOfficial Жыл бұрын

Nice catch ;)

@HisNameIsCheese Жыл бұрын

Or 0:39 hal finneys name is spelled wrong

@ledkhalid4622 Жыл бұрын

Too much talk less explanation…

@HisNameIsCheese Жыл бұрын

Hal Finneys name isnt even spelled right

@tiagoaazilva Жыл бұрын

POW

@user-zx5if3ls1z Жыл бұрын

ผมตะถอนเงินได้อย่างไร และเชื่อมต่อkycยังไงครับผมมีเงินมาแต่ถอนไม่เป็น

@Fistagon777 Жыл бұрын

always proof of work, POS is as its named a POS system (piece of shtt)

@ikonn-_-5276 Жыл бұрын

imbulya

@darwinmonzingo9738 Жыл бұрын

pow or gtfo 😎

@notforvideoschannel Жыл бұрын

So, basically, Proof of Work and Proof of Stake both could easily become centralized when rich people really want it. But PoS has an advantage: it doesn't waste high-tech hardware and electricity.

@waleedehsan2307 Жыл бұрын

POS literally is a centralised system. The people who are “chosen” to build the next block are picked by some algorithm made by the entity who made the POS system. Whereas with Bitcoin, no one chooses the next person to make a block. It’s purely based on who does the most work. Hence no central body choosing or picking anything

@absolutehuman951 Жыл бұрын

@@waleedehsan2307 wait really? I'm watching a third video already and all of them don't make this part clear. How exactly do the validators know if the random "winner" fair?

@waleedehsan2307 Жыл бұрын

@@absolutehuman951 They don’t. They are just trusting that the central body who makes the algorithm is acting fairly. Randomness can’t be simulated, they just try their “best effort” at making it random. Proof of stake by nature is not a decentralised system

@absolutehuman951 Жыл бұрын

@@waleedehsan2307 that's horrible if true. And here I thought that there's a clever solution I'm not aware of... That really isn't a true crypto currency at all it seems, just normal money with extra steps! I mean, why even try then?