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  • red_tomato@lemmy.worldtoMicroblog Memes@lemmy.world17 years*
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    11 days ago

    Proof of Stake and Proof of Work are two different ways of electing who should append the blockchain with new transactions.

    Proof of Work: the one who can waste most energy fastest is most likely to be elected.

    Proof of Stake: the one with most money is most likely to be elected.

    It’s a bit oversimplified, but that’s the general idea.