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Consensus mechanisms like Proof-of-Work (PoW) & Proof-of-Stake (PoS) are fundamental to blockchain computing & cryptocurrency.So how do they stack up against each other?Let's dig into some benefits of PoS ???— Kraken Exchange (@krakenfx) August 26, 2022
Consensus mechanisms like Proof-of-Work (PoW) & Proof-of-Stake (PoS) are fundamental to blockchain computing & cryptocurrency.
So how do they stack up against each other?
Let's dig into some benefits of PoS ???
— Kraken Exchange (@krakenfx) August 26, 2022
1/ ? Eco-friendlinessPoS requires virtually no energy consumption. #Ethereum developers estimate that its transition to a PoS system will reduce energy consumption by more than 99.9%.— Kraken Exchange (@krakenfx) August 26, 2022
1/ ? Eco-friendliness
PoS requires virtually no energy consumption. #Ethereum developers estimate that its transition to a PoS system will reduce energy consumption by more than 99.9%.
2/ ❌ No hardware necessaryPoS eliminates the need for validators to purchase & upgrade hardware continuously.— Kraken Exchange (@krakenfx) August 26, 2022
2/ ❌ No hardware necessary
PoS eliminates the need for validators to purchase & upgrade hardware continuously.
3/ ⚡️Lower barrier to entryPoS only requires funds to participate in the block validation process, rather than warehousing, energy contracts, & specialized hardware as is required in PoW.— Kraken Exchange (@krakenfx) August 26, 2022
3/ ⚡️Lower barrier to entry
PoS only requires funds to participate in the block validation process, rather than warehousing, energy contracts, & specialized hardware as is required in PoW.
1/ “Crypto Moves Pretty Fast. If You Don't Stop And Look Around Once In A While, You Could Miss It.”Luckily we have you covered! What recent trends shaped the past couple of weeks? ? pic.twitter.com/FJcvEVXXLL— Messari (@MessariCrypto) August 26, 2022
1/ “Crypto Moves Pretty Fast. If You Don't Stop And Look Around Once In A While, You Could Miss It.”
Luckily we have you covered! What recent trends shaped the past couple of weeks? ? pic.twitter.com/FJcvEVXXLL
— Messari (@MessariCrypto) August 26, 2022
2/ Is there any hope for the decoupling thesis?Following the @terra_money collapse and #3AC liquidation, the crypto market has remained closely correlated to equities. pic.twitter.com/PKPhsj1um7— Messari (@MessariCrypto) August 26, 2022
2/ Is there any hope for the decoupling thesis?
Following the @terra_money collapse and #3AC liquidation, the crypto market has remained closely correlated to equities. pic.twitter.com/PKPhsj1um7
3/ On the optimistic rollup front, @optimismFND and @arbitrum have been nearly equal both in daily transactions and TVL. pic.twitter.com/rfCNDfi9cJ— Messari (@MessariCrypto) August 26, 2022
3/ On the optimistic rollup front, @optimismFND and @arbitrum have been nearly equal both in daily transactions and TVL. pic.twitter.com/rfCNDfi9cJ
4/ With eyes on The Merge, @coinbase has entered the chat as the largest centralized staking provider, offering its own staked $ETH derivative, $cbETH. pic.twitter.com/XtVvFnYH00— Messari (@MessariCrypto) August 26, 2022
4/ With eyes on The Merge, @coinbase has entered the chat as the largest centralized staking provider, offering its own staked $ETH derivative, $cbETH. pic.twitter.com/XtVvFnYH00
5/ Does @opensea finally have some competition? @sudoswap's SudoAMM has started to cut into OpenSea's stranglehold on the NFT space. pic.twitter.com/DIEYZUCazc— Messari (@MessariCrypto) August 26, 2022
5/ Does @opensea finally have some competition? @sudoswap's SudoAMM has started to cut into OpenSea's stranglehold on the NFT space. pic.twitter.com/DIEYZUCazc
Source: https://www.cryptopolitan.com/best-twitter-threads-of-the-day-august-26th/