Krystall Fierens Lee

Oct 26, 2023 | learn.g2.com | Washija Kazim |Krystall Fierens Lee |Jagdish Purohit

Mine or stake? It’s time to make a choice. Consensus mechanisms like proof of work (PoW) and proof of stake (PoS) are the core components that link blockchain technology together. They address the challenges of trust and security in decentralized environments and create a way for users to reach an agreement on conduct. Both PoW and PoS help to judiciously decide the state of the network, avoid double spending, and maintain the integrity of blockchain transactions. Proof of work vs.