2024-12-26T09:05:18+0000

Cryptocurrencies are validated through consensus mechanisms. These mechanisms are put in place to 'validate' instructions on the blockchain. This video will look into two different consensus mechanisms; Proof of Work and Proof of Stake. Let's see how they stack up against one another! Links Mentioned: Proof of Work: https://www.coingecko.com/en/glossary/proof-of-work-pow Proof of Stake: https://www.coingecko.com/en/glossary/proof-of-stake-pos Timestamps: 00:00 Intro 00:54 Proof of Work 01:20 The shortcomings-Proof of Work 02:17 Proof of Stake 03:02 The shortcomings- Proof of Stake 03:39 Which one is your favourite? Download CoinGecko App!📱 iOS: https://gcko.io/coingecko-ios Android: https://gcko.io/coingecko-android Follow us! Twitter: https://twitter.com/coingecko Instagram: https://www.instagram.com/coingecko TikTok: https://www.tiktok.com/@coingeckotv Telegram: https://t.me/coingecko Subscribe to CoinGecko's Newsletter! 📩 https://newsletter.coingecko.com/landing/subscribe #blockchain #crypto #cryptocurrency #bitcoin #ethereum #POW #POS #staking #mining