Pos and Pow system Archive

We all know blockchain has its standards in each industry. It has two prominent consensus mechanisms Proof of Work (PoW) and Proof of Stake (PoS). We shall delve into the intricacies of Proof of Stake and compare it with Proof of Work, using real-time examples to illustrate their differences and advantages. Understanding Proof of Stake

Ethereum, the second-largest cryptocurrency by market capitalization also ethereum is being used in varied applications like NFT marketplace script – minttrade where about 1.3% of the world’s population owns bitcoin, illustrates this in the process of transitioning from its current proof of work (PoW) consensus mechanism to a proof of stake (PoS) mechanism. This transition,