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Proof Of Work Superior For Bitcoin

Proof Of Work Superior For Bitcoin

Bitcoin
January 15, 2022 by Editorial Team
3
There have been countless arguments surrounding both the proof-of-work (PoW) and proof-of-stake (PoS) as a means of gaining consensus on a blockchain network. Many people have been asking themselves which one is better, and why? In this article, I’ll go over some of the main benefits and drawbacks of each consensus mechanism. Let’s dive in.
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There have been countless arguments surrounding both the proof-of-work (PoW) and proof-of-stake (PoS) as a means of gaining consensus on a blockchain network.

Many people have been asking themselves which one is better, and why? In this article, I’ll go over some of the main benefits and drawbacks of each consensus mechanism.

Let’s dive in.

What Is Proof-Of-Work (PoW)?

Proof-of-work is a decentralized consensus mechanism first introduced by Bitcoin (BTC). We will use the Bitcoin network as an example to understand the proof-of-work consensus mechanism.





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