Consensus mechanism stands for algorithms, protocols, or systems through which cryptocurrency works. It’s useful for preventing and identifying any sort of intentional cheating or double spending in the crypto world. Presently, the two common consensus mechanisms in the crypto world are PoS (Proof-of-Stake) and PoW (Proof-of-Work). Both these consensus mechanisms work to validate cryptocurrency transactions. […]

The post What’s The Difference Between PoS Mining To PoW Mining, And What Will Rule The Crypto World first appeared on The Crypto Basic.

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