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RE: 14th April 2017 - Gridcoin 30% spike in 24hr

in #gridcoin8 years ago

Proof of work requires that you spend a lot of electricity and computation power to solve a calculation in order to create the next block & gain rewards.

Proof of stake requires far less electricity/computation-power and uses your balance to try and create the next block. The more coins you have the more likely you'll create the next block & gain your rewards.