Tag: blockchain

Proof-of-work vs Proof-of-stake the battle of consensus mechanisms for the future of cryptocurrency mining nodes by Natasha Kingsley, Design Enterprise Studio Member, March 2022Nowadays in this digital era, it is beyond reasonable doubt that most people know what a cryptocurrency is. What they don’t necessarily know is how to start mining it. This article will dive into the inner workings of each mechanism and explain why each one could be a potential contender.My name is Natasha Kingsley, I am a sound designer and videographer with a current interest in cryptocurrencies. The power play between the predominant and alternative mechanisms for mining blockchain technologies has recently been on my radar; sparking my interest in answering the question: which mechanism will gain command as the predominant consensus in the future? Wait, how do you actually mine a crypto asset?Well, to understand the way the consensus mechanisms work, you first must understand how to mine cryptocurrency in the first place. It all starts with a blockchain....