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What is "proof of work" or "proof of stake"? “Proof of work” and “proof of stake” are the two major consensus mechanisms cryptocurrencies use to verify new tra
by ourmandave 4y ago
What is "proof of work" or "proof of stake"?
“Proof of work” and “proof of stake” are the two major consensus mechanisms cryptocurrencies use to verify new transactions, add them to the blockchain, and create new tokens.
https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proof-of-stake https://www.coinbase.com/learn/crypto-basics/what-is-proof-o...
- xiphias2 4y ago,,The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work.'' (From the Bitcoin whitepaper) I would prefer to quote Satoshi Nakamoto or Dr Adam Back on the subject. Brian Armstrong is in the business of selling altcoins, he can sell Bitcoin only once, but new altcoins can be created every day.
- randomhodler84 4y agoI like that message “he can Sell Bitcoin only once”, however, he is selling Bitcoin over and over again, being the most traded asset on the exchange. He might even be able to sell the same sats multiple times too, without having those sats for settlement. Get your coin off the exchange!