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Posts tagged: Pros and Cons

Staking (Proof of Stake)

Staking (Proof of Stake)

6 August 2023
by Farwa Izhar with No Comment BlockchainTechnology

Proof of Stake (PoS) doesn’t involve any external costs. We no longer have miners. Validators, on the other hand, recommend (or “forge”) blocks.

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Mining (Proof of Work)

Mining (Proof of Work)

5 August 2023
by Farwa Izhar with No Comment BlockchainTechnology

In the context of blockchain technology, mining is the process of confirming and adding new blocks to the blockchain. It is an important part of Proof of Work (PoW) and other ways to reach an agreement

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