Aug 31, 2020 • 5M

Episode 22 - Proof of Stake

 
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Gautam Dhameja
Block Shots provides a basic understanding of the most important blockchain concepts in five minutes. Learn about blocks, transactions, consensus, finality, governance, etc. and many more fundamentals while having your morning coffee, commuting, or whenever you’ve got a moment.
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In this episode, we understand what is proof of stack consensus and how it compares with proof of work.

Proof of Stake (PoS) is a blockchain consensus algorithm where the nodes put an economic value on stake to participate in block production. The problem domain is the same — to find out who should produce the next block for the blockchain.

Music: https://www.purple-planet.com