Proof of Work VS Proof of Stake

You want to send someone 100 dollars. While you click a few buttons and away your transaction goes, behind the scenes there is a detailed orchestra that allows that to happen. In the world of digital assets this is called a proof and is the most fundamental mechanism in all blockchain systems. It is a way to publicly prove that your transactions will be added to the ledger.

Before blockchain you had to rely on two parties, your bank and the recipient’s bank, to give your hundred dollars to the intended person. Since this takes manpower and time, 3rd parties charge you fees…