What's the big deal between POW and POS?

[BitcoinYu]

I have seen so many people who recently joined the space asking about POS and POW. For the average investor, the terms are related to mining and thy don't bother too much.

However, understanding what these terms actually mean could set you apart from the crowd. You see, both POW and POS are consensus mechanisms that make the concept of Bitcoin and passive rewards a reality. So, what are their differences and why are they important in the world of crypto?

I wrote an article to outline the basics and give you a better understanding. The article was published at Paybis (woop woop) so many people will get a chance to read it. You can check it out here: https://paybis.com/blog/pow-vs-pos/

I would appreciate your comments and will make sure to edit the post if you think there is something is should add or remove.

Thank you.

[eaLiTy]

It is a well written article and POW is the safest simply because it is hard to control majority of the hashing power and the debate about the amount of energy used to mine the coins can be sorted by using renewable energy and for a market to power the entire system you cannot complain about the energy used and no hacker can take over the hashing power but that cannot be said about POS staking .

[Winscosinally]

Both POW and POS have their advantages but gone are the days when POW are better in terms of profitability, now few top coins are switching to POS already including ETH, the next big thing to look up to is POS

[zbig001]

Proof of work is cumulative, this is a huge advantage of this consensus mechanism.
On the other hand, with PoS you can prevent the creation of chain forks.
Which can be a huge advantage if we would like to tokenize real estate or land...
To me, the most interesting protocol is a hybrid of both solutions.