Ethereum’s transition from proof of work to proof of stake is less than a month away, and this has many people wondering what the difference between these two consensus mechanisms are, and what it could mean for ETH once the merge is complete.
As it so happens, the Kraken cryptocurrency exchange recently published a report about the pros and cons of proof of stake and proof of work, and came to a pretty logical conclusion about which of the two is better, in which context, and why.
All I’ll say here is that Ethereum could face some challenges from the con side of the proof of stake consensus mechanisms, but this ultimately depends on how much it’s able to preserve the pros it attained from its proof of work existence.
Make no mistake, this is a video you do not want to miss!
⛓️ 🔗 Useful Links 🔗 ⛓️
► Kraken PoW vs. PoS Full Report Free: https://blog.kraken.com/post/14885/po…
~~~~~ 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.