https://www.youtube.com/watch?v=SSo_EIwHSd4
https://www.youtube.com/watch?v=SiKnWBPkQ4I
I suggest watching those 2 videos about proof of stake and work, reading about it without a lot of knowledge is not going to make you understand the concepts very well, it's explained in simple terms in the videos, it's really not that hard to understand once you watch them.
Topic: what is the difference between proof of stake,proof of concept and proof of work (Read 153 times)
May 08, 2018, 03:36:36 PM
May 08, 2018, 02:22:48 PM
Proof of stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. In PoS-based cryptocurrencies, the creator of the next block is chosen via various combinations of random selection and wealth or age (i.e., the stake). In contrast, the algorithm of proof-of-work-based cryptocurrencies such as bitcoin uses mining; that is, the solving of computationally intensive puzzles to validate transactions and create new blocks. source: wikipedia
A proof-of-work (PoW) system (or protocol, or function) is an economic measure to deter denial of service attacks and other service abuses such as spam on a network by requiring some work from the service requester, usually meaning processing time by a computer. source: wikipedia
A proof of concept (POC) is a demonstration, the purpose of which is to verify that certain concepts or theories have the potential for real-world application. POC is therefore a prototype that is designed to determine feasibility, but does not represent deliverables.
Proof of concept is also known as proof of principle. source: techopedia
A proof-of-work (PoW) system (or protocol, or function) is an economic measure to deter denial of service attacks and other service abuses such as spam on a network by requiring some work from the service requester, usually meaning processing time by a computer. source: wikipedia
A proof of concept (POC) is a demonstration, the purpose of which is to verify that certain concepts or theories have the potential for real-world application. POC is therefore a prototype that is designed to determine feasibility, but does not represent deliverables.
Proof of concept is also known as proof of principle. source: techopedia
May 08, 2018, 02:00:47 PM
hi guys, so i usually come across these certain words during my research and i will be glad if someone cant take a time out to explain what they mean
proof of stake
proof of work
proof of concept
proof of stake
proof of work
proof of concept
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