Proof of Work vs Proof of Stake: Understanding the Crypto Consensus Algorithm

In this video, we'll be exploring the Proof of Work vs Proof of Stake consensus algorithm. We'll be comparing and contrasting the two so that you can have a better understanding of how they work.

Crypto is a growing industry and it's important to have a clear understanding of the different consensus algorithms used in crypto. This video will help you understand the Proof of Work vs Proof of Stake consensus algorithm, so that you can make the most informed decisions when it comes to investing in crypto!

00:00 Intro

00:37 What Is Proof of Work and How Does It Work?

01:59 What Is Proof of Stake and How Does It Work?

02:58 Which Cryptocurrencies Use Proof of Stake?

03:25 Proof-of-Stake and Proof-of-Work blockchains

04:02 What is the difference between Proof of work and Proof of stake?

06:10 Why Do Cryptocurrencies Need Proof?

08:44 Pros and Cons of PoW

09:29 Pros and Cons of PoS

10:12 Which is better: Proof of stake or Proof of work?

11:10 What does it all mean for investors in cryptocurrencies?