Proof-of-Stake (vs proof-of-work)
1,440,409
Published 2018-03-21
(This video is a re-upload to fix a mistake I made in the previous one. Sorry about that!)
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All Comments (21)
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I've been watching a bunch of videos explaining proof-of-stake, and this is the only one that actually contextualizes both PoS and PoW within how they interact with the blockchain.
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I know how difficult it is to turn complex into simple. And I really appreciate the effort you put on and sharing it with us. Kudos to you!๐
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Thank you for putting in the time and effort to create these videos. Iโm basically a caveman when it comes to computer science and tech literacy and youโve really helped clarify a lot of abstract and complicated topics on your channel. Liked and subscribed brother. Keep up the good work!
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For the first time, I feel like I understand PoS. Every other explanation I got for it never actually mentioned that validators were actually doing some calculation work when they were chosen. Thank you!
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The 51% attack for Proof of Stake was addressed incorrectly. You donโt need 51% of ALL currency you need 51% of all stakes. Actually, you might even need less if you game the selection process correctly. A successful attack on proof of stake can have malicious nodes validate their other malicious nodes, and if done long enough can sneak in malicious transactions before getting caught by which time itโs too late.
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The best and most simple explanation of the difference between Proof of work vs. Proof of stake that I have seen. Really great job Savjee, thank you so much!! :)
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2:40. Translation: POS is far more centralized, and corruptible, than POW, as the more stake you have in the network, the more "validation," and control, you can take in the network. It removes the competitive aspect of POW, and replaces it with "Payola."
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PoS centralizes more over time than PoW, because larger stakes get more rewards, therefore their size increases. PoW has its own downsides but it is more consensus proof.
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Major misconception here, proof of stake with a select few validators isn't more decentralized than a proof of work consensus algorithm. This is the reason bitcoin remains the most decentralized blockchain in the world still in 2021.
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your videos are so well structured, keep them coming
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After going trough so many channels trying to explain me how proof of stake "work" and how I should invest exactly as I said in platforms they're probably sponsored by, it's really nice to find an educational video that goes trough enough to let you understand both the idea behind it and the risks. Thank you so much!
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i am doing a research project on nfts, and this is by far the best video i've seen explaining PoS. Same goes for your other videos on blockchain and other stuff. #1 channel for actually understanding all this blockchain crap 10/10
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Your explanations are to the point! Thanks a lot, Sajvee, I appreciate you! Keep up the good work ๐
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I really enjoy it, well done man!
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Well and clearly explained in a short period of time with good visuals, thanks!!
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Wow! Defi/Blockchain explained in a way I understood!! Good work man! Gonna check out your other vids
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Proof of stake in Cardano is amazing: anyone gains: you can delegate your money to small pools which are incentivized over bigger ones. Every time a block is created the rewards are split across all participants, simply beautiful.
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Great explanation, but nowadays, some coins allows staking pool. I agree that it may reduce electricity cost but doesn't necessarily solve the centralization problem from poolings.
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You definitely earned my subscription. You have very good technical knowledge.
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By far the best straightforward explanation ๐๐ป๐๐ป๐๐
