ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
 - EconoTimes)
Proof of Work is a consensus mechanism used in the bitcoin network. In the decentralized network, someone should confirm the transaction without the involvement of a third party. Each node of the network will calculate the hash value of the block header. The consensus is achieved when a calculated value is equal to or smaller than the target hash. Miners who do this can add new blocks and receive rewards.
Proof of Stake- It is an energy-saving alternative to Proof of work. The Participants are allowed to add a new block based on the number of coins a validator stakes. The validators receive transaction fees after new blocks are added.
|
|
Proof of work |
Proof of stake |
|
Energy consumption |
High |
Low |
|
Reward |
yes |
No rewards only transaction fees |
|
Block creators |
Miners |
Validators |
|
Scalability |
Less |
High |
