Proof of Work is dead; Long Live Proof of Stake | Medium

Published in

Predict

7 min readSep 9, 2018

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Relax, proof of work (PoW) is not dead, but it is true that many projects in the cryptocurrency world are becoming more enthusiastic about proof of stake (PoS). We agree with this overall trend, and would like to provide some explanations as to why. To start, we will briefly explain what mining is. Then, we will give a brief overview of why proofs exist. Finally, we’ll dig into the differences between PoW and PoS.

What is Mining?

Cryptomaniaks

Written by Cryptomaniaks

Writer for

Predict

We are a Cryptocurrency Education Platform for investors of all experience levels. Our goal is to provide the knowledge you need to earn the rewards you want!

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