Proof of Work VS Proof of Stake - Simplified Explanation

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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6 years ago by

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      ·  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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      2 votes
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        ·  6 years ago 

      nice

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        1 vote
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          ·  6 years ago 

        @chayen Thanks!

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            ·  6 years ago 

          good works.. well done brother..

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            1 vote
            [-]
              ·  6 years ago 

            @steemvive Thank you!

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              [-]
                ·  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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                1 vote
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                  ·  6 years ago 

                Very nice explanation. Thanks for sharing!

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                  1 vote
                  [-]
                    ·  6 years ago (edited)

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

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