How participants agree on which ledger is correct
With no administrator in charge, a procedure is needed for the network to settle which record of transactions counts. Proof of work competes through computation and proof of stake rotates the right by how much is pledged; the electricity and hardware each demands differ sharply.
One major chain reported cutting energy use by more than 99% when it switched methods.
For learning, not investment advice. Decisions are your own.
StockFit · TrueNorthLabs Inc.