Proof Of Work and Proof Of Stake – A Basic Guide
Mining cryptocurrencies and the way in which it is executed can be hard to wrap your head around. One of the ways in which mining is evolving is moving from Proof Of Work (PoW) to Proof Of Stake (PoS). With technology advancing and becoming more innovative miners are starting to move from PoW to PoS. Let’s take Ethereum for example; Ethereum currently holds the second largest market cap, with Bitcoin holding the major. Ethereum is due to launch their 2.0 upgrade, which will see them change their mining algorithms from PoW to PoS. Both algorithms allow miners to process transactions …
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