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Proof-of-Work vs Proof-of-Stake

Any discussion of proof-of-work vs proof-of-stake brings the Hatfield’s and the McCoy’s to mind. Not only were they great dressers, but each side carried their convictions loaded for action.

Proof-of-Work Fundamentalists

But what is the proof-of-work (PoW) vs proof-of-stake (PoS) feud all about? The video below is a great, balanced overview of the feud to explain the advantages and disadvantages of each model.

One sentence from the video sums the entire difference:

Proof-of-work is inherently money like, proof-of-stake is inherently equity like

Yungfi Video

More specifically, PoW models distribute power between miners, developers and individual nodes to create a co-equal configuration like the US government. The benefit is that no single person or entity can take over the bitcoin network.

For PoS models, there needs to be some governance to manage the network since not some individuals have more power than others. This reduces PoW decentralization for the benefit of faster decision making.

Watch the video below for more details on these points.


Best Lightning Network Podcast

Best Lightning Network podcast
Best Lightning Network Podcast

The best lightning network podcast is the Kevin Rooke Show. A laser focus on the Lightning Network, if you want to hear from the industry movers, this is the podcast for you.

Our favorite episodes cover Kraken’s introduction of their lightning node, an interview with one of the biggest routing nodes around: Zero Fee Routing, Rene Pickhardt’s breakthrough insight about #ZeroBaseFee and Anders Helseth from Arcane Research reviewing their Lightning Network industry research report.

Like most podcasts, you have to kiss a few frogs to get to the princess. Therefore, don’t forget to look back through the list of episodes to find your own favorite episodes. Finally, listen to the end of each episode to hear listener questions and comments. Pay sats to thank the hosts!

For more useful resources, check out our Lightning Network Resources List page.