The Merge (Part 1) - with Danny Ryan, Tim Beiko, and Hasu
Uncommon Core 2.0
00:00
Proof of Stake vs Proof of Work
In proof of work, we make a claimh if not more than 50 % of anyone on the network has more than 50% of the mining assets and power. And so you do that, you solve these kind of hashingalgaritm puzzles through the burning of energy. The protocol incentivizes those that get to make a block. They get some sort of issuance. So they get new assets, also, new ether n the form of the theorium m. Also get to get transaction fees or other types of privileged things related to making blocks. In proof of stake, i take, it's a very similar idea. I like to call it proof of dedication of scarce resource to the
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