Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a) Explain how the Proof of Stake (PoS) consensus mechanism works by contrasting its functioning with the Proof of Work (PoW) consensus mechanism. b) State

a) Explain how the Proof of Stake (PoS) consensus mechanism works by contrasting its functioning with the Proof of Work (PoW) consensus mechanism.

b) State and describe three disadvantages of the PoW consensus mechanism.

c) State and describe three advantages of the PoS consensus mechanism.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Authors: Michael Parkin

10th Edition

013485330X, 978-0134853307

More Books

Students also viewed these Economics questions