Proof of Work vs Proof of Stake - A Primer
Arguably the most important innovation in the creation of Bitcoin, Proof of Work has been successful in securing the bitcoin blockchain since it's inception. In recent years, Proof of Stake has come on the scene.
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Hosts Blake Moore & Matt Aaron |
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About the Episode
Matt and Blake got together this week to discuss the differences between two very important concepts in crypto, Proof of Work and Proof of Stake.
Consensus mechanisms:
One of the best features of cryptocurrencies is that there's no need for a 3rd party such as a bank to validate transactions on the blockchain. Two strangers can send money to each other with confidence thanks to the consensus mechanisms mentioned above.
With Ethereum planning to switch to Proof of Stake, there is considerable debate about which consensus mechanism is best for cryptocurrencies.
About the Hosts
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Blake MooreBlake’s interest in cryptocurrencies was sparked in early 2017 when a friend sent him his first bit of Bitcoin on a beach in Thailand. Like most, he then went down the crypto rabbit hole, looking for ways to contribute to the space. He has been with Bitcoin.com as Ecommerce Manager since February 2018 and is fully focused on bringing fresh products and exciting services to the Bitcoin.com store |
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Matt AaronMatt Aaron has been podcasting since 2013, when he launched the Food Startups Podcast. He recently found a second love in cryptocurrency and blockchain and hasn't looked back. His first major investment into cryptocurrency was the money he made betting on (but not voting for) that Donald Trump would win the 2016 election. Matt believes that public blockchains and cryptocurrencies are the solution to the many problems exposed of the current banking system in the 2008 financial crisis. |
