PoW vs.PoS: A Fight Of Consensus Mechanism

How is Proof of Work Different from Proof of Stake?

The key difference between Proof of Work and Proof of Stake is how the blockchain algorithm qualifies and chooses users for adding transactions to the blockchain.

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The Proof of Work consensus algorithm uses complex problems for miners to solve using high-powered systems.

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In Proof of Stake miners engage investment in digital currency before validating transactions.

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A Proof of Work system requires fast computers that use a huge amount of energy resources.

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Whereas the main issue with Proof of Stake is the extensive investment in the initial stage to buy a network stake.

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Bitcoin uses Proof of Work as its consensus mechanism.

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Ethereum will soon use Proof of Stake as its consensus mechanism after the Ethereum Merge.

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