Imagine both systems, proof of work and proof of stake, as democratic elections.

This is a highly simplified ELI5 attempt to explain the difference between the two best-known mechanisms for consensus finding in distributed systems.

Imagine both systems, proof of work and proof of stake, as democratic elections. But instead of using your ID card (proof of citizenship) to cast your vote, you use something else.

In the case of proof of work, you need to do some work. For example (and in most cases with crypto) you invest computing power. The more you invest, the stronger your voting rights in the system. …

Cos

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