Stellar Lumens (XLM) Forum with for newcomers and contributor's rewarded Check here




"INFO -  Different of Proof of Work and Proof of Stake
  • 2 Vote(s) - 1 Average
  • 1
  • 2
  • 3
  • 4
  • 5

#1
05 like 
Hi guys, now i will inform to you what adidferent of PoW and PoS

Proof-of-Work was a fantastic innovation that formed the backbone of the original Bitcoin protocol. The idea is that by solving a computationally intensive math problem, one can prove the effort they've done to secure the protocol. The effort that is required to perform these computations contributes to a coin's scarcity and value. However, Proof-of-Work eventually becomes an extraordinarily expensive system. As time passes, the complexity of the problems involved becomes so great that “mining” the last few possible Bitcoin will require the entire energy output of the sun. Proof of Stake solves this issue in a very elegant way. Rather than using computer power as a scarce resource to generate security, Proof of Stake uses the scarcity of the coin itself. A user may choose to "stake" his coins to generate the next block in the chain, and his chance of doing so is basically proportional to the weight of his coins.

Proof-of-Stake is eco-friendly and efficient and avoids the vast waste of energy and hardware overhead of Proof-of-Work based networks.
Reply
#2
Thanks for your post. I have a question. If PoS is less energy consuming and more efficient is it applied to Bitcoin network? If not, is there any other network that uses it? It is interesting and it could be also good advice to invest in such technology.
Reply
#3
Waw, great question, any body can help me to explain it? It's should be answer by people who have high experience and have good information to share.
Reply
#4
(04-01-2018, 07:34 PM)Gorlitz Wrote: Hi guys, now i will inform to you what adidferent of PoW and PoS

Proof-of-Work was a fantastic innovation that formed the backbone of the original Bitcoin protocol. The idea is that by solving a computationally intensive math problem, one can prove the effort they've done to secure the protocol. The effort that is required to perform these computations contributes to a coin's scarcity and value. However, Proof-of-Work eventually becomes an extraordinarily expensive system. As time passes, the complexity of the problems involved becomes so great that “mining” the last few possible Bitcoin will require the entire energy output of the sun. Proof of Stake solves this issue in a very elegant way. Rather than using computer power as a scarce resource to generate security, Proof of Stake uses the scarcity of the coin itself. A user may choose to "stake" his coins to generate the next block in the chain, and his chance of doing so is basically proportional to the weight of his coins.

Proof-of-Stake is eco-friendly and efficient and avoids the vast waste of energy and hardware overhead of Proof-of-Work based networks.

Thanks. ...now I understand
Reply
#5
Hope meny people know about it. It's a fundamental information to know about your coin that you want to invest.
Reply
#6
(04-01-2018, 07:34 PM)Gorlitz Wrote: Hi guys, now i will inform to you what adidferent of PoW and PoS

Proof-of-Work was a fantastic innovation that formed the backbone of the original Bitcoin protocol. The idea is that by solving a computationally intensive math problem, one can prove the effort they've done to secure the protocol. The effort that is required to perform these computations contributes to a coin's scarcity and value. However, Proof-of-Work eventually becomes an extraordinarily expensive system. As time passes, the complexity of the problems involved becomes so great that “mining” the last few possible Bitcoin will require the entire energy output of the sun. Proof of Stake solves this issue in a very elegant way. Rather than using computer power as a scarce resource to generate security, Proof of Stake uses the scarcity of the coin itself. A user may choose to "stake" his coins to generate the next block in the chain, and his chance of doing so is basically proportional to the weight of his coins.

Proof-of-Stake is eco-friendly and efficient and avoids the vast waste of energy and hardware overhead of Proof-of-Work based networks.
About creating a thread on this. Nice information, thanks for sharing
Reply
#7
(15-01-2018, 03:11 PM)Vieamie Wrote:
(04-01-2018, 07:34 PM)Gorlitz Wrote: Hi guys, now i will inform to you what adidferent of PoW and PoS

Proof-of-Work was a fantastic innovation that formed the backbone of the original Bitcoin protocol. The idea is that by solving a computationally intensive math problem, one can prove the effort they've done to secure the protocol. The effort that is required to perform these computations contributes to a coin's scarcity and value. However, Proof-of-Work eventually becomes an extraordinarily expensive system. As time passes, the complexity of the problems involved becomes so great that “mining” the last few possible Bitcoin will require the entire energy output of the sun. Proof of Stake solves this issue in a very elegant way. Rather than using computer power as a scarce resource to generate security, Proof of Stake uses the scarcity of the coin itself. A user may choose to "stake" his coins to generate the next block in the chain, and his chance of doing so is basically proportional to the weight of his coins.

Proof-of-Stake is eco-friendly and efficient and avoids the vast waste of energy and hardware overhead of Proof-of-Work based networks.
About creating a thread on this. Nice information, thanks for sharing
I hope it can add your information in cryto currency.
Reply
#8
(04-01-2018, 07:34 PM)Gorlitz Wrote: Hi guys, now i will inform to you what adidferent of PoW and PoS

Proof-of-Work was a fantastic innovation that formed the backbone of the original Bitcoin protocol. The idea is that by solving a computationally intensive math problem, one can prove the effort they've done to secure the protocol. The effort that is required to perform these computations contributes to a coin's scarcity and value. However, Proof-of-Work eventually becomes an extraordinarily expensive system. As time passes, the complexity of the problems involved becomes so great that “mining” the last few possible Bitcoin will require the entire energy output of the sun. Proof of Stake solves this issue in a very elegant way. Rather than using computer power as a scarce resource to generate security, Proof of Stake uses the scarcity of the coin itself. A user may choose to "stake" his coins to generate the next block in the chain, and his chance of doing so is basically proportional to the weight of his coins.

Proof-of-Stake is eco-friendly and efficient and avoids the vast waste of energy and hardware overhead of Proof-of-Work based networks.

You are correct. POS is more efficiency and easy to use.
Reply
#9
(04-01-2018, 07:34 PM)Gorlitz Wrote: Hi guys, now i will inform to you what adidferent of PoW and PoS

Proof-of-Work was a fantastic innovation that formed the backbone of the original Bitcoin protocol. The idea is that by solving a computationally intensive math problem, one can prove the effort they've done to secure the protocol. The effort that is required to perform these computations contributes to a coin's scarcity and value. However, Proof-of-Work eventually becomes an extraordinarily expensive system. As time passes, the complexity of the problems involved becomes so great that “mining” the last few possible Bitcoin will require the entire energy output of the sun. Proof of Stake solves this issue in a very elegant way. Rather than using computer power as a scarce resource to generate security, Proof of Stake uses the scarcity of the coin itself. A user may choose to "stake" his coins to generate the next block in the chain, and his chance of doing so is basically proportional to the weight of his coins.

Proof-of-Stake is eco-friendly and efficient and avoids the vast waste of energy and hardware overhead of Proof-of-Work based networks.

but isn't the whole point of blockchain to be decentralized? then why are we giving majority holders bigger power in Proof-of-Stake system?
Reply
#10
Because any coin has any type as they want.
Different of coin will effect to any customer need. Up to you which want you like, just hold it.
Reply
#11
Thanks for the explanation Gorlitz. Now Im gonna go and meditate on that some more.
Reply
#12
(17-01-2018, 04:16 AM)nawadap Wrote: Thanks for the explanation Gorlitz. Now Im gonna go and meditate on that some more.

Your welcome bro, now XLM down too much, it's time to buy, you should use your insting to make great decision in this time.
Reply
#13
Very good information. Thanks for sharing this piece with the members of this forum.
Reply
#14
(18-01-2018, 06:54 AM)Jaybiano Wrote: Very good information. Thanks for sharing this piece with the members of this forum.
Your welcome dude, 
Never sell your xlm if you bought it in market.
Reply
#15
(21-01-2018, 01:50 PM)Gorlitz Wrote:
(18-01-2018, 06:54 AM)Jaybiano Wrote: Very good information. Thanks for sharing this piece with the members of this forum.
Your welcome dude, 
Never sell your xlm if you bought it in market.

 Is there any possibility for rise soon ??
Reply
#16
PoS is Futur because less consuming energy

In PoW : miners get a lot of coins, that is only to maximize their own profits
In PoS  : everyone who kept coins in his wallet can receive profit to stake their coin : it's more fair !
Reply
#17
(11-02-2018, 01:08 PM)Op3n5 Wrote: PoS is Futur because less consuming energy

In PoW : miners get a lot of coins, that is only to maximize their own profits
In PoS  : everyone who kept coins in his wallet can receive profit to stake their coin : it's more fair !

The kind of pow and pos is just alternative that customer can choose what they need.
Reply
#18
I think that POW and POS have pros & cons... 

And they are the same:  the more invest in harware for (POW) or in coins (POS)  the more you can have chances to earn coins / tokens !  This is what I think.  There are no chances for people with low budget invetments... It's not so democtratic and there aren't equal possibility for all !   
I'm wrong thinker ?   Blush
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Tutorial VIDEO Beginners video guide to Proof of Work and Proof of Stake brandnew1 5 1,062 27-06-2018, 05:21 AM
Last Post: wenderfabio



Users browsing this thread: 1 Guest(s)