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Proof of Work (PoW) requires miners and mining hardware, while Proof of Stake (PoS) requires validators to lock their coins. The more validators, the higher the level of security.
Pros and Cons
PoW is very secure. Hackers need a significant amount of capital to hack the blockchain, or at least 51% hash power. However, it is considered environmentally unfriendly, requiring high costs to mine crypto.
PoS is considered more environmentally friendly, the validation process is faster than PoW, and participation is less capital-intensive.
Pros and Cons
PoW is very secure. Hackers need a significant amount of capital to hack the blockchain, or at least 51% hash power. However, it is considered environmentally unfriendly, requiring high costs to mine crypto.
PoS is considered more environmentally friendly, the validation process is faster than PoW, and participation is less capital-intensive.