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4 years ago
I this video, we will take a look at "consensus", which is the process by which cryptocurrency networks accept new transactions and agree upon the state of the blockchain. We will also briefly discuss the difference between the two leading consensus mechanisms: proof of work and proof of stake.
Like this short overview of PoS vs. PoW. Do you know how much better PoS is comparing to traditional payment systems. We know now PoW is slow and with Ethereum state leads to troubles , but can there be same issues with PoS blockchains? Are there mechanisms to to protect from high transaction costs ?