POW vs POS - Key Differences - 101 Blockchains

1 Views
Published
Consensus is one of the significant highlights of blockchain technology, which establishes agreement among all the nodes on the network state. The two most popular consensus algorithms deployed in blockchain networks include Proof of Work or POW and Proof of Stake of POS consensus mechanisms. Proof of Work consensus involves users dedicating their computational resources for solving mathematical puzzles to add blocks of the transaction to the chain.

On the other hand, Proof of Stake consensus involves users being selected randomly as validators on the basis of their stakes in the network. POW and POS have their own share of advantages and setbacks alongside many differences among them. You can explore the key differences between POW and POS consensus mechanisms with 101 Blockchains now.

New in the world of Blockchain? Get started with our Free Blockchain Fundamentals Course: https://academy.101blockchains.com/courses/enterprise-blockchains-fundamentals

You can also check out our detailed guide on the comparison of POW and POS blockchain consensus algorithms: https://101blockchains.com/pow-vs-pos-a-comparison/

About 101 Blockchains:

101 Blockchains is a platform for accessing information, research, and learning resources regarding enterprise blockchain. We provide blockchain certifications and training courses to help professionals get ahead in their blockchain careers.

Don’t miss connecting with us on our social channels. Connect now and start getting important updated from us:
Like us on Facebook: https://www.facebook.com/101Blockchains
Follow us on Linkedin: https://www.linkedin.com/company/101blockchains/
Follow us on Twitter: https://twitter.com/101Blockchains

Also, don’t forget to subscribe to our YouTube channel for more Blockchain videos.

If you have any questions regarding consensus algorithms or are eager to learn more about blockchain technology, just write in the comment section below, we’ll be happy to help.
Category
Management
Be the first to comment