/biz/ - Business & Finance

Johnny Cage Tue Feb 25 20:52:17 2014 No.139921 [View]
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Hey guys, can you explain how Proof of Work and Proof of Stake mining works?

I understand POW is computing power and POS is wallet balance which determines the coins you receive. But, I thought Proof of Work mining actually ran the transactions. The miners were the ones keeping the blockchain going. And that is what you get paid coins for.

So, if you have a POS, who does the mining, how, and why would you mine if you get paid for the balance in your wallet only?

Is there a primer on this shit? I can't find one.

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