Why Proof-Of-Work Is A Superior Consensus Mechanism For Bitcoin

Why Proof-Of-Work Is A Superior Consensus Mechanism For Bitcoin

The proof is in the pudding when it comes to Bitcoin’s proof-of-work mechanism versus a proof-of-stake consensus mechanism debate.There have been countless arguments surrounding both the proof-of-work (PoW) and proof-of-stake (PoS) as a means of gaining consensus on a blockchain network. Many people have been asking themselves which one is better, and why? In this article, I'll go over some of the main benefits and drawbacks of each consensus mechanism.Let's dive in.What Is Proof-Of-Work (PoW)?Proof-of-work is a decentralized consensus mechanism first introduced by Bitcoin (BTC). We will....

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