Chapter
Exploring the Difference Between Proof of Work and Proof of Stake
2:36:34 - 2:42:44 (06:10)
This episode discusses the difference between proof of work and proof of stake and the importance of exploring how to transition from one to N and what N should be.
Clips
A DEX operates in a global system with different rules and behaviors, which makes it different from traditional Wall Street versions of exchanges that are centralized and highly optimized.
2:36:34 - 2:38:13 (01:39)
Summary
A DEX operates in a global system with different rules and behaviors, which makes it different from traditional Wall Street versions of exchanges that are centralized and highly optimized. Natural market formation and market making lead to liquidity in traditional exchanges, while decentralized exchanges build out protocols to excuse security problems and enjoy high liquidity with openness.
ChapterExploring the Difference Between Proof of Work and Proof of Stake
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
Decentralized exchanges (DEX) have an advantage over centralized exchanges as they are open systems that do not require identity verification and therefore do not face compliance issues.
2:38:13 - 2:39:12 (00:58)
Summary
Decentralized exchanges (DEX) have an advantage over centralized exchanges as they are open systems that do not require identity verification and therefore do not face compliance issues.
ChapterExploring the Difference Between Proof of Work and Proof of Stake
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
The podcast discusses the differences between Proof of Work (PoW) and Proof of Stake (PoS) as methods of securing a blockchain, and challenges the idea that PoW is inherently more secure.
2:39:12 - 2:41:19 (02:07)
Summary
The podcast discusses the differences between Proof of Work (PoW) and Proof of Stake (PoS) as methods of securing a blockchain, and challenges the idea that PoW is inherently more secure.
ChapterExploring the Difference Between Proof of Work and Proof of Stake
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
The conversation on blockchain consensus is shifting from a focus on Proof-of-Work versus Proof-of-Stake to finding the most efficient way to move from one to N. Integrating different systems such as Proof-of-Useful-Computation may be the solution.
2:41:19 - 2:42:44 (01:24)
Summary
The conversation on blockchain consensus is shifting from a focus on Proof-of-Work versus Proof-of-Stake to finding the most efficient way to move from one to N. Integrating different systems such as Proof-of-Useful-Computation may be the solution.