Pool Of Stake - The Future of Blockchain
In this time, i would like to talk about a new innovative platform that aims to create the future of blockchain. The platform named Pool of Stake and lead by Davide Luigi Borella as CEO. As blockchain continues to evolve, many projects such as Ethereum are switching from Proof of Work (PoW) to Proof of Stake (PoS) for verifying transactions on their chain. Since PoS is more environmentally friendly and efficient, electricity and hardware costs are much lower than with PoW. THE DIFFERENT BETWEEN PROOF OF WORK & PROOF OF STAKE Proof-of-work: a method which requires miners to validate transactions on a blockchain by working out a mathematical function (called hash). Proof-of-stake: a method which allows miners to validate block transactions according to how many coins they choose to put at stake on that network (as deposits). Here is a post where the founder of Ethereum explained a design philosophy of PoS. Both methods exist to serve a common purpo...