What Is the Difference Between Proof-Of-Stake (Pos) And Proof-Of-Work (Pow)?

DWQA QuestionsCategory: BlockchainWhat Is the Difference Between Proof-Of-Stake (Pos) And Proof-Of-Work (Pow)?
Editor Staff asked 1 month ago

What Is the Difference Between Proof-Of-Stake (Pos) And Proof-Of-Work (Pow)?

1 Answers
Editor Staff answered 1 month ago

The difference between the two most popular consensus algorithm, PoW, and PoS, is how they operate. PoW is energy-hungry, whereas PoS isn’t. Other key differences include the need for huge computation power in PoW compared to no or less computation power in PoS. PoS is also cost-effective and offers a faster completion time when compared to PoW.