Proof of Work vs. Proof of Stake: Beginner's Guide!! 👨‍🏫

[@CoinBureau]

Hope this overview is useful guys! Don't forget to follow me on some of my other social channels. We have some important updates in the pipes ;) 👉 guy.coinbureau.com/socials/

[@rishabhjain109]

Is Proof of History even better than Proof of Stake?

[@kingkong7882]

@@rishabhjain109 Did you ever ate stake before.

[@cjj6412]

Crypto is just a giant ClickFunnels source: am investment banker

[@leeclayton5151]

Keep calm and hodl on Guy. Great video again. Thanks for explaining the difference between the two methods

[@Saikrishna-dz4wt]

Please suggest a book to learn technical analysis from basics to pro level.Any online help also would be of great help

[@yb7126]

Welcome to coin bureau, the largest crypto channel in the whole inter-webs, add free, transparent and no clickbait titles like other (small) crypto channels ;) Finally!

[@qinghualao7079]

Bybit….bybit…..anyone wanna use bybit and get rekt?

[@cryptohair]

Ah the biggest crypto channel on the inter-webs.

[@tomash9785]

I was trying to scrape that hair off my screen

[@alenalex95]

And he dont brag like bitboy

[@bryansutton9942]

And best

[@michaeltabone7085]

In the war between bitboy and CB, it’s an easy choice

[@HussoFPV]

I've been waiting for this day for AGES! Grats Guy! Finally overtook that clickbait producer.

[@atultiwari4750]

This GUY is crazy...I don't understand how he gets & understand such complicated information & makes it so easy to understand for beginners like me

[@alekgj5824]

Congratulations!!! Your channel is the # 1 crypto channel, you passed BitBoy! Well done, you deservedly.

[@qinghualao7079]

Who’s bitboy? Sorry,I only looking for education channels

[@Setiawan-]

@@qinghualao7079 you can search with word Benjamin bitboy

[@stoempert]

BitBoy can't handle this channel being the biggest 😂

[@D3athW1ng]

There's a channel called Bitboy? 😂 Funny, it never came up in my feed ... Wonder why? 😏

[@nachocheezed]

Which is why they shouldn't be mentioned at all:) Can't compare apples and oranges xD

[@D3athW1ng]

@@nachocheezed 😆

[@lastcall8286]

@@D3athW1ng he's for beginners when you get beyond I start learning and researching yourself you won't need that channel corn bureau is perfect

[@D3athW1ng]

@@lastcall8286 all good .. just teasing 😆

[@fitnessforever247]

Thanks Guy..please do a vid on the 'Types of Pos' we have in the space and explain in a nutshell how they work/are secured nd the differences between them.. E.g Pos , SPos , NPos , PPos etc. You can explain concepts of each and match some examples to them 🌟🙏🏆

[@fuzzyivory3865]

My guy is doing god's work in terms of education. You make lengthy content that's easly digestible even for folks like me that have a low attention span(ADHD), Cheers to the Coin Bureau team!

[@slavenrasic2173]

I guess the whole world has ADHD these days

[@derekkearns3377]

Only USA and western europe made up word for being bold

[@FIgirl2035]

I’m new to crypto and still learning. Your channel is one of the main ones I watch to learn about crypto. This channel is excellent! I appreciate that there aren’t any ads interrupting at the most awkward times and I love how you explain things easily and clearly. Your crypto swag is 🔥 your crypto rhymes are 🔥 Thank you for providing all of this awesome info!!

[@rammachiraju]

PoS system leads to centralization and can impact it's core protocol due to this type of centralization. With PoW people like you say miners equipment is expensive and it gets centralized. But miners do not have any special powers to control the BTC protocol. They just create and provide a block to the nodes and keep network secure. If nodes do not accept it, they can't do anything. Miners are more like service providers to Bitcoin where nodes are the actual users/participants or bitcoin. Same with protocol changes. Miners can't do shit without majority of nodes agreeing. The more participants we have running simple nodes, the more resilient the network is thereby providing true decentralization. When blocksize war happened majority miners wanted to change block size but failed coz nodes didn't accept it. All you need is a node to participate in any changes proposed. It's super easy to run Bitcoin node due to the size of block and transactions are account to a simple ledger. That's why it stays easy in future. Unlike application blockchains like ETH where it'll get increasingly harder and harder to run a full node. But anyone can run a node with simple hardware on Bitcoin now and in future. That's how BTC stays truly decentralized.

[@hatbabai427]

I no longer binge-check prices, instead I enjoy learning from this channel Valuable stuff

[@Alan-vo4br]

I'm actually glad he got number 1 crypto channel, defo deserves it

[@sylviabells8224]

Yes Alan....how are you?

[@niconoire]

Adoption of "improvements" should be a slow and tedious process. The "improvement" in question should only be adopted if its value proposition is so compelling that it can inspire consensus among the many disparate actors forming the network.

[@petrasvizbaras5704]

dont be shy its the best content u can find on youtube

[@fabianrojas9028]

GUY the ONLY youtuber that really cares about u and not about that sweet commission from referral links

[@fabianrojas9028]

@Ninja Eyes I know, but it’s not on ur face and he barely mentions the referrals

[@junipersnow1]

Haha...but there is a well organized and impressive Team behind guy, the guy who does referrals and timestamps is on it for sure...lol

[@evanmichaels6156]

No Adds or sponsors - so they monetize under the hood, 100% OK

[@arcanine_059]

Excellent explanation of PoW and PoS without taking a bias approach. You showed each side's pros and cons and for that you deserve my like and subscribe.

[@rammachiraju]

PoS system leads to centralization and can impact it's core protocol due to this type of centralization. With PoW people like you say miners equipment is expensive and it gets centralized. But miners do not have any special powers to control the BTC protocol. They just create and provide a block to the nodes and keep network secure. If nodes do not accept it, they can't do anything. Miners are more like service providers to Bitcoin where nodes are the actual users/participants or bitcoin. Same with protocol changes. Miners can't do shit without majority of nodes agreeing. The more participants we have running simple nodes, the more resilient the network is thereby providing true decentralization. When blocksize war happened majority miners wanted to change block size but failed coz nodes didn't accept it. All you need is a node to participate in any changes proposed. It's super easy to run Bitcoin node due to the size of block and transactions are account to a simple ledger. That's why it stays easy in future. Unlike application blockchains like ETH where it'll get increasingly harder and harder to run a full node. But anyone can run a node with simple hardware on Bitcoin now and in future. That's how BTC stays truly decentralized.

[@s3g4_21]

Not at all. PoS is just a scam

[@AP-ur2yy]

The explanation is amazing. The way you broke it down and pieced it back together made me go ooooooh okay

[@ronakio]

Congratulations Guy. You're number 1!!!

[@I-done-did-it]

Unless I’m mistaken, in 🇬🇧, interest earned on staking is classed as income, not capital gains. The same as airdrops on the day you receive them.

[@apachetruyts1158]

one of my top channels for all that involves crypto. noticed a funny thing today: holds hands. shakes with open hands, hold again, hold hold hold, now opens and shakes. rinse and repeat. ^^

[@peNNayWyze]

Congratulations on becoming #1 in the Crypto KZbin space you passed Bitboycrypto

[@aryan3229]

Simple. POW and POS are Sybil mechanisms. Sybil mechanisms are used to prevent people from creating multiple identities and take over the network. POW uses hash power, POS uses stake power as a limited resource.

[@aryan3229]

And also, POW and POS are not consensus mechanisms. They are Sybil Resistance mechanisms.

[@Floorguy1000]

As the BTC highest use case is as an asset, it is critically important to keep it with the most secure validation method. I like that it keeps to proof of work ....for now anyway...lol.

[@derek.seaborn]

I agree 100%. Proof of work is critical to bitcoin. I’d most likely sell all my bitcoin if it moved to PoS, which I don’t see happening.

[@sylviabells8224]

Do you mind if I introduce you to a more reliable and profitable investment company where I invest and earn 50% rate everyday?

[@canadiancorn8594]

Want to give props to your AV, guy… very professional work. Do you have any videos that discuss the possible implications of quantum computation on the future of the network security? You have a way of making these “technical” things make more sense.

[@vineetbrahmankar3039]

i didn't understand all the key points in first view. I had to watch the video twice but that's ok absolutely worth watching. Thanks for such videos Guy. 👍🏻

[@tanyainglis3544]

Because Guy speaks & explains clearly , not just hype up coins tokens etc , bit boy talks so fast sometimes I get lost and lose my train of thought 🤣🤣

[@Chatbox_of_ANTI-CHEF]

Do you trade, hold , margin trade or future trading bitcoin or any other ? and your comment is nice

[@ebertenor]

honestly this is one of the more useful vids

[@Aforce90]

I was just about to research this area, perfect timing. Big up the notification crew!

[@lynxlagoon]

hijacking this comment to make everyone aware that there is one project that managed to scale Proof of Work, while being energy efficient AND improving decentralization + security It's called Kadena and can do 480,000tps, why is no one talking about this?

[@ChrisCEdwards07]

Congrats on being the Biggest crypto channel on KZbin! You deserve it man! Super happy for you!

[@sylviabells8224]

I agree wt you Chris

[@JYTE21]

Congrats,... the largest crypto channel by subscribers. :) Btw, BitBoy might not like this so much. 😂

[@Ollieharper3]

And well deserved too

[@theworldtoday1636]

Quality content here only 👌👌👌

[@gaussniwre866]

I have nothing but respect for the work you do. This again is a really good intro to PoW and PoS. That being said a little correction: PoW and PoS are *not* consensus algorithms. Their goal is to protect against sybil attacks. In the case of PoW for bitcoin (and others) the consensus algorithm is simply always look at the longest chain (which works because of the work put there). For PoS this is less clear (it does not work to chose the longest chain) and, hence, another protocol layer, the actual consensus algorithm, is needed. In case of future Ethereum that would be the rules regarding the pseudo-random selection of block proposer and slashing rules. Avalanche, also PoS, has a very different consensus algorithm which does not randomly select a block proposer but works through random vote sampling. I hope this shows that these are not the same concept: sybil resistance vs consensus algorithms.

[@Chatbox_of_ANTI-CHEF]

Do you trade, hold , margin trade or future trading bitcoin or any other ? and your comment is nice

[@Firstname_Surname]

Yes, PoW and PoS are not consensus algorithms, but rather consensus mechanisms.

[@conra9560]

Excellent explanation as always 👍 Could you do DAG vs “zero” knowledge proof?

[@asmithgames5926]

One of the fairest analyses I've heard. Thank you!

[@alexzellermusic]

Guy overtaking BitBoy is a surefire sign of a bear market: people are getting smarter and more cautious, people actually want to learn smth instead of jumping at those random shitcoins without any fundamentals. My congratulations to the channel!

[@TheeSeer]

Guy thanks for helping a Newby like me to understand this complicated adventure. PS: I saw that you are a music fan as I noticed your Recording Studio in another of your videos. I am a Vocalist and former Agent and spent time in the UK in the 1980's

This was so much knowledge presented as simply as possible. Great video. I think a part of creating decentralization is educating people how the technology works and how it can solve problems in todays society. I just wish we will collectively be able to decide, that decentralization is something good to happen.

[@craks594]

Wow i just realised we are now the biggest crypto KZbin channel🥳 Congratulations, guy 💯% deserved

[@khanu.s.a6091]

Thank You for an excellent and easily understandable description and explanation of Proof of Work v.s Proof of Stake Consensus Mechanisms. Despite being concise you present information with such good examples that it makes it very convenient to grasp the basic concept of Blockchain and Crypto technology. No wonder your subscribers are increasing day by day and that is good to see.

[@dazzybizzle]

You are a legend, and on this day... you became the largest crypto channel in all the interwebs 😉 Thank you for breaking this information down, it reduces the FUD, and actually allows people to be educated and learn. Most channels are either about unnecessary hype or using jargon which no one understands, and the main purpose, is to try and get user adoption. You are the balance. Keep it up, you are the guy!

[@sjorsbertrand]

How do you manage to make a video about a subject I want to learn more about every single time? Keep up the great work!

[@AndersonTückmantel]

Congratulations Guy for being the biggest crypto youtube channel!!!

[@CryptoJoeTrading]

Congrats I have been watching you for years always deliver on point messages

[@guestgreenstein4726]

Just started watching your videos. Your intro sounds pretty arrogant, but it is justified. This is the highest qyality crypto content I've seen.

[@SomeonePlaysGames]

Man you cover so much knowledge around Crypto, you're a damn saint for the work you put into your videos. Thanks dude.

[@ewor99]

Thanks for offering things for all people. We appreciate it. Proof of work, proof of stake, proof of time, proof of coverage...did I miss any?

[@Chatbox_of_ANTI-CHEF]

Do you trade, hold , margin trade or future trading bitcoin or any other ? and your comment is nice

[@ondemandtraders3009]

Hi there, Your content is incredibly valuable and I highly thank your efforts for providing quality education.

[@NicolasGanea]

Thank you you guys are back! Glad you guys got your youtube account back

[@chythompson1222]

You and Thoughty2 are the only people I have subscribed to in the last couple years. I figure posting this here will help spread his videos and I will mention you on his channel. Much love

[@PesoSmartPH]

The biggest crypto channel in the interwebs!

[@melaniemunoz2003]

Congrats! Yours is officially the largest crypto channel on the KZbin platform. Some other channel can no longer make that claim.

[@ChrisCEdwards07]

I told that other channel he needs to change his intro now haha

[@melaniemunoz2003]

He does otherwise he would be spewing a lie, lol!

[@ferhana4036]

upvoted for not mentioning the name of the competing channel.(no need to advertise that here) Guy and the Coin Bureau are at much higher level and deserve to be the top crypto channel.

[@DisplacedPanda]

I think this video was awesome, but I think that addressing Proof of Storage would also be very interesting. Love you work

[@TheWalrus-c2l]

I don't know about "most countries" but as I read it, staking rewards are taxed as income (at the time of receipt) in the UK Guy, not capital gains. There may be CGT to pay later if the rewards are worth more when you come to sell them.

[@kevinlanzaderas8464]

The only cryptocurrency channel that has no ads.

[@Emrico35]

BIGGEST Channel in ALL INTERWEBS!

[@mdshahbazkhan8095]

I was waiting for this day. Many congratulations on being the largest crypto channel in all the interweb. Please share it on twitter so the fans can acknowledge

[@elcrypto2261]

Welcome to the coin burea - the biggest crypto channel in the galaxy 🤩. We all want to buy you a pint Guy but I think that it would see you off! Big up yourself and thank you!

[@mdshahbazkhan8095]

Guy please make a video on BTC price impact on Altcoins. I did a short course on that and still struggling to understand. In particular why every time alts dip along with BTC. Thank you Guy for keeping us up to date especially when market are so red

[@jjbeatz5025]

Congrats on being the largest crypto KZbin channel bro passed bitboy

[@derek.seaborn]

It’ll be interesting to see how well proof of stake holds up when huge amounts of money are at… stake. In other words, in my opinion PoS has not been proven to be effective.

[@lynxlagoon]

PoS will get attacked, it's not secure and or battle tested like PoW, we need to scale PoW, and there is only one project that managed to do that, kadena.

[@SirZanZa]

@@lynxlagoon POS will cost a lot of money to attack. it isn't going to happen. PoW has been hit countless times with 51% attacks.... name i time PoS has been forced to do a hard fork because of hacks/attacks?

[@allenwu1261]

Cardano has held up with 20-40 billion USD worth of stake (70+% participation) for quite a while now. It's definitely very difficult to do, so skepticism is reasonable imo. IOG had to publish so many papers to have all the known attack vectors sorted out and peer reviewed to be sure they did not miss anything. But the cost efficiency of PoS potentially working is definitely worthwhile to explore.

[@cabinlifeatedensprings1710]

Congratulations to Coin Bureau for having the most subscribers of a crypto channel. Learned lots of great info that helped to save me and my family money!

[@TomRivieremusic]

It seems the best advice is to keep calm and hodl on. Time will tell.

[@otc0076]

I knew you'd be able to break it down the best thx

[@ehern87]

Always love getting financial advice from Guy!

[@chloeevans6752]

Not financial advice! 🤣

[@HobbitJT]

Excellent content, really like the way you’ve explained with easy to understand examples

[@Chatbox_of_ANTI-CHEF]

Do you trade, hold , margin trade or future trading bitcoin or any other ? and your comment is nice

[@lemenace17]

That jacket is like something from a fortnite skin. Looks awesome!

[@connie1070]

EXCELLENT VIDEO!!! Thank you, you explained this process in a manner that even I can understand how it works. Well done sir!

[@AsianSensationz]

I hope this means you got your account back! Good to have you

[@kaeji_namitsua]

I do both. PoW is more stable and better in long term, biggest downside is hardware cost, longevity og the hw and electric cost. Safest are multi coin miners or GPUs. Some of the coins could die. Its happening a lot in PoS coins. They die or get rug pulled often promising high rewards. Advanatge of PoS is that you can move the coins from pool to pool anytime anywhere. Rewards drop significantly when new users join the pool. Ive moved from PoS to PoW because its more profitable and stable for me.

[@davidumason5424]

Perfect disclaimer, thank you very Guy. your up to date crypto education has mine a crypto geek out me.

[@Chatbox_of_ANTI-CHEF]

Do you trade, hold , margin trade or future trading bitcoin or any other ? and your comment is nice

[@Kenida_Akira]

Cardano process transaction will be very fast with their proof of stake system and so much ppl staking their tokens. Btw I love Slash 🎸😉

[@jjemsnd7]

That was excellent very well explained it's something I didn't understand and I have a better understanding of it now thank you

[@TheHarry012]

At last the best CRYPTO channel is now the biggest, congratulations well deserved.

[@Chatbox_of_ANTI-CHEF]

Do you trade, hold , margin trade or future trading bitcoin or any other ? and your comment is nice

[@BrianMartinez-fn2ck]

PoW is required for sound money. PoS is more suitable for smart contract enabled blockchains

[@inperspective]

Absolutely, and I would be surprised if PoW is ultimately used only by BTC since transaction time is critical for commerce and minimally considered for moving large sums of money. This being said, the future may involve BTC upholding the value of tokens which are used in day to day spending transactions on a PoS chain.

[@Philogy]

You overtook Bitboy crypto as the largest crypto youtube channel, well deserved, congrats!

[@jamespedro8535]

That's the spirit Phiippe

[@joshisajedi2461]

I unknowingly clicked on a Bitboy video and couldn’t make it one minute before clicking off. Coinbureau ftw!

[@alizaheer6153]

So happy to see your channel is now officially bigger then Bitboy 😍

[@alizaheer6153]

Go check it out

[@tomd5678]

Good to see you back

[@Dee_isi]

We all witnessed the “Flippening” of the largest crypto channel in al inter-web

[@WikiTicky]

How many asic silicon manufactures are there? If you have to buy specific hardware... that's centralized. If you have to be next to cheap power... that's centralized.

[@blacklanner5886]

Algorand has the lowest staking requirement of only 1 ALGO. It's also not susceptible to attacks types that plague other PoS systems.

[@sebastianwolfgang8189]

The largest and BEST crypto channel

[@christophersolano1607]

Please make a video on (POUW) Proof Of Useful Work! Thank you

[@grantsteel1050]

Thanks Guy, very informative! Well delivered as usual.

[@terrencealford4604]

Great tutorial Guy! Thanks

[@goldengold8568]

Highest quality content indeed.

[@aviatoFPV]

XMR has it all. POW, Asic resistance, dynamic blocksize and above all a tail emission to keep the miners incentivized into eternity.

[@LeftThumbBreak]

The slashing and hence required 99.99% uptime, cannot be underestimated. While people slam POW for requiring so much electricity, this 99.99% uptime has a cost of its own. This essentially makes it a requirement for Data Center level facilities in order to be a validator node in POS. For POW if you're not up, you just miss the chance to earn. For community participation in POS vs POW - POS/Staking you add your crypto into a pool and for POW/Mining, you power up your GPU or ASIC and join it to a pool. Personally the active participation of POW is far more engaging from a community standpoint. POS participation is basically no different than putting your money into a fund or bank.

[@AlexFurusa]

Guy my guy. I was actually looking for this and you happened to be posting it today.

[@popsmokereal5902]

Same

[@Rooboy-619]

Guy, the 5 o'clock shadow died with Sunny Crocket in the 80's

[@Chatbox_of_ANTI-CHEF]

Do you trade, hold , margin trade or future trading bitcoin or any other ? and your comment is nice

[@evanmichaels6156]

80,000 more subscribers than Bitboy!!

[@God_Shen]

Congrats on being #1!! Please keep it ad free, I appreciate that the most about your channel.

[@H2ydrogen]

PoW == digital gold. PoS == digital currency. I see a future where both work in tangent where PoW acts as a store of value and PoS works as the main payment system.

[@eddymoffis8396]

Trading systems allow you to limit the factor of emotional influence on decision-making,

[@collinsjade845]

as well as to give the trade a certain degree of systemic character.

[@paulkelvin7163]

This is very correct.

[@paulkelvin7163]

To the newbies, you should also note that this data is worthless without an existing understanding of data analysis,

[@paulkelvin7163]

Nothing interests me than talks about Bitcoin and how to make money trading forex.

[@kumarsooraj9488]

you will understand when you have a good coach like expert Eric Campbell.

[@BossGarage]

Hey Guy, please research and make a video about Helium (HNT), please! I think that's a great crypto project and I would like to know your thoughts on that. Thanks

[@shafir2]

Ye

[@luluberry3730]

His explanation is really really good.

[@kehmesis]

#1 crypto channel. Congrats!

[@AA-eq5wk]

In terms of creating a stable digital currency, POS creates a saving class, with the incentive of return, thus mirroring fiat in terms of money. This feature can appeal to a much larger decentralized group of retail consumers to participate if this system replaces fiat, much like everyday folks keep their money in a bank.

[@collectiblejohn1432]

New to crypto, love the starters guilds!

[@jamespedro8535]

Hi John I care to tell you everything you need to know about cryptocurrecy. If only yo7 don't mind

[@1one2two3threetwoone]

I loved this guy in My Parents Are Aliens but I think this is even better

[@dimanyc2004]

Great stuff, as always. I just took a few pages of notes from this video. Would be cool to see a comparison of PoS vs. DPoS some day. Thx, Guy!

[@sylviabells8224]

Hi

[@sokharathkoy6948]

Could you please make video of crypto risk? As learning that many risks involve in such an investment, especially dealing with the crackdown of government authorities like China.