Proof of Work vs Proof Stake - What's The Difference? [ PoW and PoS Explained With Animations ]

Proof of Work vs Proof of Stake, we’ve all heard the terms, often framed as one against the other, like Coke and Pepsi. But at its core, they both try to solve the same problem, the consensus of trust in a blockchain network.

However, the issue of achieving consensus has ignited a fiery disagreement between the two camps.

On today's CoinMarketCap Explain Like I'm 5 we discover what exactly is the difference between Proof of Work and Proof of Stake.

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[edemobiolisaeloka]

I think this is were core comes
She solves the two proof of work and proof of stake
Core dao to the moon

[Abba]

It is possible to mine in an ecological way without consuming energy, in a renewable way, the big difference between POW and POS is that the first is decentralized and secure and POS is centralized by a few and insecure, it can be hacked and CEOs can forks and perform changes to have their own benefit is a total lottery you do not have any type of security

[averagedudeusa]

Why do the validators need to lock anyones money up in form of a stake? Also why would I want to have my money locked up? What is the point of locking it so no one can use the money?

[crypton]

I hope for the emergence of photonic technologies that will allow us to produce proof using the energy of the Sun.

[pixboi]

POW all the way, pure without any politics.

[kidcurrency]

Proof of work… nobody I know could afford enough ETH to be a validator. All my friends have graphics cards for gaming to mine ETH so in theory it’s more decentralized

[VictorMedina-wyjp]

I would like to learn more about these cryptocurrency processes

[B.B.A_NETWORK]

Presentation is very corny, but info is on point

[choojinho]

great vid and very easy to understand!

[satishyadav-izcv]

but proof of stake have some problems if the person will invest their money and they lost it so what should he do i mean that crypto can't be recover (money) i think proof of work is great for us but we need to use solar energy or wind energy in off grid not a on grid personal one one time investment.

[rastamandita]

MINING IS A GOOD FOIR ME BUT NOW I THINK LOOOSE NOT STAKE AND 70% OF PEOPLLE NOT STAKE TO EARN AND GO TO MIINE OTHER CRYPTO!

[Fistagon]

always proof of work, POS is as its named a POS system (piece of shtt)

[miketwenty]

It's sad the comparison of PoW and PoS are made with equivocations to (Coke or Pepsi, and Ford or Chevrolet).
The proper comparison would be Bitcoin's Sha256 Hash vs another Hashing Algorithm.
The proper comparison to Eth's PoS would be a Fiat Currency.

[HisNameIsCheese]

Hal Finneys name isnt even spelled right

[lynx]

With the consensus wars, Peercoin (Pioneer of Proof of Stake) will move to the Top-10 again after years. it's a Dino crypto like Doge.

[cryptoclasswithjay]

This doesn't explain proof of stake in general. Cardano doesn't need smart contracts for their version of proof of stake nor do they have "slashing" where you can lose your tokens because your turns stay in your custody and are never locked up anywhere. There is no unlocking period

[Shredder-]

lol the block at 1:38 says 'minnig'

[notforvideoschannel]

So, basically, Proof of Work and Proof of Stake both could easily become centralized when rich people really want it. But PoS has an advantage: it doesn't waste high-tech hardware and electricity.