Proof of Stake - Simply Explained in Under 3 Minutes

louisthomas (75)in #threespeak • 5 years ago (edited)

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Many people have been asking how proof of stake works, particularly in relation to Ethereum's planned transition from POW to POS.

Here's my attempt at explaining!

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#cryptocurrency #ethereum #blockchain #investing

5 years ago in #threespeak by louisthomas (75)

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agrostis (57) 5 years ago

An excellent explanation for a lay person. You didn't get into any technical terms and kept it simple.

agrostis (57) 5 years ago

An excellent explanation for a lay person. You didn't get into any technical terms and kept it simple.

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nithishfloopz (50) 5 years ago

Good one Louis it was Simple yet informative

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josediccus (75) 5 years ago

So by staking one is providing a lot more legitimacy to ethreuem? I basically had to rewatch again. Anyways it was down to earth explanation but I still find it difficult understanding it.

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shortsegments (77) 5 years ago

Bookmark

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belemo (72) 5 years ago

Its still somewhat confusing. What's the essence of staking?
Is staking say like Steempower?

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