Proof of Work Versus Proof of Stake | EVERYTHING YOU NEED TO KNOW FOR ETH 2.0 MERGE
Bitcoin uses a whole lot of energy, mostly due to it's proof of work algorithm. Well what if there was a way to secure a blockchain without requiring all the work that computers do when mining. Well today we will take a look at proof of work and proof stake and discuss the pros and cons of both of them.
Follow me on Twitter: / avgcryptoinvest
Sign up for Yieldnodes: https://bit.ly/ACIYieldnodes
Sign up for Kucoin : https://bit.ly/ACIKucoin
Sign up for Binance US: https://bit.ly/ACIBinanceUS
For all Business Inquiries feel free to reach out to me at [email protected]
Nothing said in this video is financial advice and you should always do your own research before investing into any project.
0:00 - Introduction
0:40 - What is Proof of Work
1:17 - Proof of Work Reward Model
1:44 - Bitcoin Energy Usage
2:59 - What is Proof of Stake
3:22 - How does a Validator Node work
4:19 - 51% Attack, PoW vs PoS
5:21 - My Thoughts
5:58 - Conclusion