Chapter
Proof of Work Vs. Proof of Stake
55:55 - 1:00:25 (04:30)
The use of Proof of Work protocol in blockchain technology has been criticized for its high energy consumption, while Proof of Stake is proposed as a more energy-efficient alternative. However, the effectiveness and security of Proof of Stake are still being debated in the blockchain community.
Clips
Adam Back discusses the evolution of "proof of work" and how it was utilized in the creation of Bitcoin.
55:55 - 59:07 (03:12)
Cryptocurrency
Summary
Adam Back discusses the evolution of "proof of work" and how it was utilized in the creation of Bitcoin.
ChapterProof of Work Vs. Proof of Stake
Episode#244: The Quiet Master of Cryptocurrency -- Nick Szabo
PodcastThe Tim Ferriss Show
The wastefulness of Proof of Work is a common critique of blockchain technology, but there are alternatives like Proof of Stake.
59:07 - 1:00:25 (01:18)
Blockchain Technology
Summary
The wastefulness of Proof of Work is a common critique of blockchain technology, but there are alternatives like Proof of Stake. Computer scientist Nick Szabo has also written a piece on social scalability.