POW vs POS - Key Differences - 101 Blockchains

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.

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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/

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