PoS vs PoW and Why it Matters When it Comes to ASIC and GPU mining – EIN News

PoS vs PoW and Why it Matters When it Comes to ASIC and GPU mining – EIN News

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MONTREAL, QUEBEC, CANADA, November 17, 2021 /EINPresswire.com/ — Proof of Stake and Proof of Work are systems deployed by digital currency networks that allow transactions to be recorded. They have slight variations that change the way cryptocurrencies are viewed but they both have the same agenda, to create a more sustainable and secure future for crypto.

Proof of Work is the process in which an individual with computing equipment processes calculations to confirm a transaction inside the blockchain and store its information on a so-called digital “Ledger” so that the community can hold a record and understand the legitimacy of each transaction. This process is called mining and it is the process that Bitcoin deploys today. The reward for completing these calculations and
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