Cryptocurrency Q&A
Is polkadot a PoS or PoW?
Is polkadot a PoS or PoW?
Riccardo
Mon Feb 10 2025
|
7
answers
1598
I am trying to understand whether Polkadot uses the Proof of Stake (PoS) or Proof of Work (PoW) consensus mechanism. I would like to know which one it is to have a better understanding of how the network operates.
7 answers
Dario
Wed Feb 12 2025
Within this consensus, PoW particularly focuses on the method of block author agreement.
Was this helpful?
342
77
SeoulSerenitySeekerPeaceLover
Wed Feb 12 2025
Additionally, the Nakamoto consensus also includes a chain selection algorithm.
Was this helpful?
147
80
Valentina
Wed Feb 12 2025
Proof of Work (PoW) serves as the mechanism for determining the author of a block within the blockchain.
Was this helpful?
329
20
Sara
Wed Feb 12 2025
In the case of Bitcoin, this algorithm is known as the longest chain rule.
Was this helpful?
396
69
CryptoGladiator
Wed Feb 12 2025
It is an integral part of the Nakamoto consensus, which is a broader framework encompassing various rules and protocols.
Was this helpful?
284
77
Load 5 more related questions
