What is the difference between 'proof of work' and 'proof of stake' in blockchain consensus mechanisms?
- Cryptographic puzzles
- Node's stake in the cryptocurrency
- Number of participating nodes
- Resource-intensive computations and energy consumption
In 'proof of work,' consensus is reached through resource-intensive computations, requiring miners to solve complex mathematical puzzles. In contrast, 'proof of stake' relies on the amount of cryptocurrency a participant holds. Understanding this distinction is crucial for comprehending the energy efficiency and security considerations in different blockchain consensus models.__________________________________________________
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