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ethereum pow vs pos

While Proof of Stake (PoS) relies on the number of crypto assets a miner has, Proof of Work (PoW) is based on the speed at which miners – or. Proof of Stake (POS) uses randomly selected validators to confirm transactions and create new blocks. Proof of Work (POW) uses a competitive validation method to confirm transactions and add new blocks to the blockchain. While PoW is the original consensus mechanism, first used by Bitcoin, PoS is a newer concept that was developed to overcome limitations in the. CRYPTOCURRENCY LAWS SOUTH AFRICA

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Proof of Work vs. Proof of Stake: Beginner's Guide!! 👨‍🏫

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