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This podcast discusses the advantages and strengths of using Proof of Work systems for securing virtual assets, such as cryptocurrencies, over tying security to physical resources outside the system.
1:04:19 - 1:06:52 (02:33)
Summary
This podcast discusses the advantages and strengths of using Proof of Work systems for securing virtual assets, such as cryptocurrencies, over tying security to physical resources outside the system.
ChapterProof of Work vs Proof of Stake
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
The concept of going from one to end and having multiple resources for a hybrid approach of Proof of Work and Proof of Stake can potentially solve some of the trade-offs and limitations associated with each individual concept.
1:06:52 - 1:10:26 (03:34)
Summary
The concept of going from one to end and having multiple resources for a hybrid approach of Proof of Work and Proof of Stake can potentially solve some of the trade-offs and limitations associated with each individual concept. The combination can address ownership equity requirements and emulate properties that are not present in either system.