https://youtu.be/RFbxcjt86WA
🚀 CRYPTO PASSIVE INCOME | 📒🚀 TYPES OF CONSENSUS MECHANISMS | 📒🚀POW VS POS | 📒🚀STAKING
Proof of work is a protocol that has the main goal of deterring cyber-attacks such as a distributed denial-of-service attack (DDoS) which has the purpose of exhausting the resources of a computer system by sending multiple fake requests.
Proof-of-stake (PoS) is an alternative consensus algorithm to Bitcoin’s proof-of-work (PoW). Unlike mining, which requires massive electrical power to validate transactions, staking is a more eco-friendly process.
Consensus mechanisms (also known as consensus protocols or consensus algorithms) allow distributed systems (networks of computers) to work together and stay secure.
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