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Proof of Work vs Proof of Stake

Graphical Image of Proof of Work and Proof of Stake

Recently you must have heard about the idea to take a move from an Ethereum consensus based on the Proof-of-Work system to one which is based on the so-called Proof of Stake.

Understanding Proof-of-Work

As the name implies, Proof of Work is the validation of the work which happened and proving that it is correct. Bitcoin an..

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