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Title: What's the difference between proof of work, authority, stake, and others? Post by: realestates15 on July 18, 2018, 01:54:55 AM What's the difference between proof of wrok, authority, stake? what's the best to use? when reading whitepapers, i came proof of work, stakte, authority
Title: Re: What's the difference between proof of work, authority, stake, and others? Post by: EscapePlanETH on July 21, 2018, 09:21:18 AM Proof of work is referred to as POW which is a mining system and it has some problems like spamming where as proof of stake is the alternative of proof of work which is free from such spamming problems. Now many projects are shifting from POW to POS system.
Title: Re: What's the difference between proof of work, authority, stake, and others? Post by: BartholomewBTC on July 21, 2018, 10:17:42 AM When every computer tries to add a block to the blockchain by solving complex calculation it is known as POW, POS is just a different way do to what POW does. Lastly, Proof of Authority is an advanced protocol based on POS, where all blocks are checked and approved by a trusted central party.
Title: Re: What's the difference between proof of work, authority, stake, and others? Post by: HeartDesire888 on July 22, 2018, 01:47:18 PM Proof of work is basically the complex calculations through blockchain whereas Proof of Authority deals with the security by checking the blocks are okay.
Title: Re: What's the difference between proof of work, authority, stake, and others? Post by: Silentsweeper785 on July 22, 2018, 10:29:19 PM Proof of work(pow) create group of trustless transaction or blocks by mining and proof of stake (pos) defines that a person can transact more according to how many coin he is holding. On the other hand proof of authority (poa) is an algorithm which provides much more faster transaction.
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