POS, POW, Private Key, and Public Address - Deepstash

POS, POW, Private Key, and Public Address

POS, POW, Private Key, and Public Address

POS, POW, Private Key, and Public Address

Proof of Stake: A mining construct that states a miner can mine/validate block transactions based on how many coins they hold.

Proof of Work: A mining construct that achieves consensus through solving complex mathematical problems using computation to validate/achieve consensus on transactions.

Private Key: Think of this like the key to your house. You should take extreme care to protect these and never give them out to anyone.

Public Address: Think of this like your home address. It’s a semi-public record of your location on the blockchain(s).

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