Part 1

A brief explainer of proof of work and proof of stake

If you’re familiar with cryptocurrency, you’ve probably heard the terms—proof of work or proof of stake—but most people stop at the surface level and never understand why it matters.  Proof of work and proof of stake are just two different ways of reaching an agreement that a transaction was legitimate. In crypto, if someone tried to fake a transaction—say, sending the same bitcoin twice—computers on the network would flag it and reject it. Proof of work us...

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Intermediate
A brief explainer of proof of work and proof of stake
2 Lessons
~8 mins in total
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