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Currents 094: Matthew Pirkowski on Blockchain Consensus Mechanisms

The Jim Rutt Show

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The Importance of Proof of Work and Proof of Stake

The concept of the consensus is and why it needs to be protected in a cryptologically secure fashion. The amount of energy, essentially open system energy that has to enter the system to do proof of work and proof of stake are actually quite different. So let's start with what is a consensus process and why does it need some form of cryptological security? Yeah, for sure. That would be great. But before we do that, I should have started with this, my bad. We should also for the audience put a couple of practical issues on the table. One is thatProof of work and Proof of stake are essentially means of securing a consensus process at least so far in the crypto token

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