POW Vs. POS – Key Differences
Consensus algorithms are necessary for a blockchain technology to function properly. Learn about the key differences between POW vs. POS now.
Key Points
This presentation is for you, if you want to
- Understand what Proof of Work algorithms is.
- Understand what Proof of Stake algorithms is.
- Learn about the differences between POW and POS.
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About POW vs. POS
Blockchain technology can’t function properly without any consensus protocols. As there are many types of blockchain platforms on the market now, so are consensus algorithms. Two of the popular consensus algorithms are – Proof of Work and Proof of Stake. Both offer their advantages and disadvantages for the blockchain community. Here, we will analyze the differences between PoW vs. PoS and understand which one is suited for what purpose. You will also learn about the working principles of these two consensus protocols.