Difference between Proof-of-Stake and Proof-of-Work
| Sno | Proof-of-Stake | Proof-of-Work |
|---|---|---|
| 1 | Block creators are called validators | Block creators are called miners |
| 2 | Participants must own coins or tokens to become a validator | Participants must buy equipment and energy to become a miner |
| 3 | Energy efficient | Not energy efficient |
| 4 | Security through community control | Robust security due to expensive upfront requirement |
| 5 | Validators receive transactions fees as rewards | Miners receive block rewards |
Video : Basics
Question / Answer
Vitaly Dmitrievich Buterin, better known as Vitalik Buterin, is a Russian-Canadian computer programmer, and co-founder of Ethereum. Buterin became involved with cryptocurrency early in its inception, co-founding Bitcoin Magazine in 2011.
Bibliography/References
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