Proof of Work vs Proof of Stake Explained!

Do you know the differences between Proof of Work (PoW) and Proof of Stake (PoS) cryptos?

Cryptos like Bitcoin and Litecoin use proof of work to validate blocks added on their blockchain while other cryptos like Cardano and Polkadot use proof of stake. In this video go over the main benefits and disadvantages for each consensus algorithms.

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0:00 – Intro
0:40 – Consensus Algorithms
1:23 – Transaction Validation
3:25 – PoW Disadvantages
4:53 – PoS Benefits
5:26 – PoS Disadvantages
6:31 – Conclusion

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Disclaimer: I’m not a financial advisor. You should always do your own research and make your own financial decisions. This video is for entertainment purposes only.