Proof-of-work Pow Vs Proof-of-stake Pos
Chia uses a proof-of-space and proof-of-time consensus mechanism to resolve centralization points plaguing PoW and PoS blockchains. Proof-of-stake eliminates the necessity for mining, which makes it more energy-efficient. You also don’t need top-of-the-line know-how to create new blocks in PoS. The first block in a PoS blockchain is recognized as the “genesis block,” and it’s […]
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