Proof of Stake vs Proof of Work, the battle for DeFi Supremacy

Proof of Stake vs Proof of Work

Essentially when Satoshi Nakamoto was building the first-ever cryptocurrency, Bitcoin, he needed to find a way for the transactions inside the blockchain system to be verified correctly without the involvement of a third party. This was then achieved with the introduction of the proof of work system.

Source: https://halovina.com/risiko-serangan-jaringan-adalah-keuntungan-proof-of-stake/

The Sustainable solution

As the search for the most sustainable solution goes on, many in the crypto community have begun to advocate for hybrid consensus. One common proposal is securing one in every ten blocks using proof of work while the other nine use proof of stake. This brings the tested security benefits of proof of work alongside the energy and punishment controls of proof of stake. It also means that two distinct pools of users (miners and stakers) would verify blocks, making it more difficult to coordinate an attack.

Source: https://www.bitdegree.org/crypto/tutorials/proof-of-work-vs-proof-of-stake

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Nagaya Technologies

Nagaya Technologies

NAGAYA (NGY) is a Gold-Backed Cryptocurrency with Subsidiary Projects. We aim to build Trust and Value through LEGALITY and TRANSPARENCY. https://nagaya.co/