PoW vs. PoS
Consensus mechanisms like Proof-of-Work (PoW) & Proof-of-Stake (PoS) are fundamental to blockchain computing & cryptocurrency.
— Kraken Exchange (@krakenfx) August 26, 2022
So how do they stack up against each other?
Let's dig into some benefits of PoS ???
1/ ? Eco-friendliness
— Kraken Exchange (@krakenfx) August 26, 2022
PoS requires virtually no energy consumption. #Ethereum developers estimate that its transition to a PoS system will reduce energy consumption by more than 99.9%.
2/ ❌ No hardware necessary
— Kraken Exchange (@krakenfx) August 26, 2022
PoS eliminates the need for validators to purchase & upgrade hardware continuously.
3/ ⚡️Lower barrier to entry
— Kraken Exchange (@krakenfx) August 26, 2022
PoS only requires funds to participate in the block validation process, rather than warehousing, energy contracts, & specialized hardware as is required in PoW.
Crypto recap
1/ “Crypto Moves Pretty Fast. If You Don't Stop And Look Around Once In A While, You Could Miss It.”
— Messari (@MessariCrypto) August 26, 2022
Luckily we have you covered! What recent trends shaped the past couple of weeks? ? pic.twitter.com/FJcvEVXXLL
2/ Is there any hope for the decoupling thesis?
— Messari (@MessariCrypto) August 26, 2022
Following the @terra_money collapse and #3AC liquidation, the crypto market has remained closely correlated to equities. pic.twitter.com/PKPhsj1um7
3/ On the optimistic rollup front, @optimismFND and @arbitrum have been nearly equal both in daily transactions and TVL. pic.twitter.com/rfCNDfi9cJ
— Messari (@MessariCrypto) August 26, 2022
4/ With eyes on The Merge, @coinbase has entered the chat as the largest centralized staking provider, offering its own staked $ETH derivative, $cbETH. pic.twitter.com/XtVvFnYH00
— Messari (@MessariCrypto) August 26, 2022
5/ Does @opensea finally have some competition? @sudoswap's SudoAMM has started to cut into OpenSea's stranglehold on the NFT space. pic.twitter.com/DIEYZUCazc
— Messari (@MessariCrypto) August 26, 2022
