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    6 Proof of Stake vs. Proof of Work

    Nov 30, 2020 4 minutes
    Ashwin Kumar R

    One of the most talked about events in the crypto-world is the release of Ethereum 2.0. It is making the move from a Proof-of-work mechanism to a Proof-of-Stake mechanism. These are called Consensus mechanisms and are used to validate a transaction in a blockchain without the need for a third party. Before looking at what these mechanisms are, let me explain what a Consensus mechanism is.

    Consensus Mechanism

    The Consensus mechanism is used in a blockchain to confirm the transactions that occur in it. It does not need a third party and is designed to establish trust between the network participants. It is the final piece of the cryptographic puzzle that must be solved to validate the transactions and add

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