Translated: such networks require

[muniyaakter]

A Proof of Work blockchain requires extreme computing power and also has high requirements when it comes to hardware.

This computing power is made available by the miners themselves , who are rewarded in exchange for their “workforce”.

very powerful computers and, therefore, large amounts of electrical energy.

Energy expenditure can become a big problem, but this is where Proof-of-Stake comes to our aid.

Proof-of-Stake (We talk about Proof of Stake when we want an alternative consensus algorithm t

This alternative consensus method was first proposed in 2011 by bosnia and herzegovina business email list a user on the forum : for him it was an innovative solution to the problems associated with the huge demand for electricity and energy necessary for the use of
In mining is replaced by a system in which so-called validators guarantee the validity of operations by committing a portion of their cryptocurrencies.

In jargon, in fact, they say that they put them in “ stake ”. Staking is equivalent to a guarantee of the commitment made: the greater the amount of crypto committed, the more likely it is that the system will consider you trustworthy.

What is it for? To avoid incredible energy waste and the same competition between nodes for computing capacity. PoW is a highly reliable system, the high costs associated with the process make it unlikely that miners will invest their resources to hinder the network. But high costs are also the main problem for the inclusion of new validators.

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