Oh jeez.....I don't know what proof of stake vs proof of work is. Mind linking me to something that explains it?
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Oh jeez.....I don't know what proof of stake vs proof of work is. Mind linking me to something that explains it?
Mind using a search engine ?
I already read up on it on the gridcoin website.
But I also would rather discuss with people who know things rather than try to sift through what could potentially be misinformation. Just a preference.
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.