Proof of Stake vs Proof of Work: Which one is better?
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Proof of Stake vs Proof of Work: Which one is better?

Cryptocurrencies are powered by different algorithms, with Bitcoin using the Proof of Work algorithm and Ethereum using the Proof of Stake algorithm. So. which one is better? Let’s take a look at the pros and cons of each to find out. Cryptocurrencies are digital or virtual tokens that use encryption to secure their transactions and…

Proof of Work (PoW)
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Proof of Work (PoW)

Bitcoin, Ethereum and other cryptocurrencies are based on blockchain technology. The defining feature of blockchain is a distributed ledger, meaning that data is stored on many different computers simultaneously. This makes it incredibly difficult to tamper with or hack. Bitcoin and Ethereum use something called proof of work to validate transactions. Proof of work requires…