4min chapter

Lex Fridman Podcast cover image

#192 – Charles Hoskinson: Cardano

Lex Fridman Podcast

CHAPTER

Proof of Work and Proof of Stake

Proof of work is like buying lottery tickets. It's a synthetic resource, but you still have to do the other two things. The big difference is this step in the proof of work world is horrendously expensive. You use more energy than the nation of Switzerland. And if the government sees it now, they're trying to sell miners or move their property.

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