What is the Proof-of-Stake (PoS) consensus algorithm and why is it so prominent?
The majority of cryptocurrencies and blockchain systems, including Ethereum, Cardano, Solana, Tezos, and Algorand, are based on the Proof-of-Stake (PoS) consensus mechanism. PoS has gained popularity due to the lack of the need to purchase expensive mining equipment and the potential for simple passive income by staking coins. The main advantage of Proof-of-Stake is that […]
Proof of Work VS Proof of Stake
The debate over Proof of Work vs. Proof of Stake has long divided the cryptocurrency community. The argument comes down to which consensus algorithm is more efficient, but there are several variables to consider before deciding which is better. In this article, we look at the basics of both these consensus algorithms and understand the […]
