Cryptocurrency and Blockchain: What You Need to Know

December 27, 2021

Crypto Mining Vs. Staking: What’s the difference?

When it comes to mining vs. staking, the differences stem from the algorithms each uses to add new blocks. Crypto mining comes from its proof-of-work mechanism. In this decentralized system, the "work" is mining. Crypto staking has similar objectives to mining to validate transactions and achieve consensus. Its proof-of-stake mechanism was first used as an alternative to proof-of-work.
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