Proof of Stake - Simply Explained in Under 3 Minutes

in #threespeak • 5 years ago (edited)

▶️ Watch on 3Speak

Many people have been asking how proof of stake works, particularly in relation to Ethereum's planned transition from POW to POS.

Here's my attempt at explaining!

🧠 FREE CRASH COURSE - Learn to securely buy, store and sell cryptocurrencies:

https://louis-thomas.teachable.com/p/buying-bitcoin-crash-course

🧠 Want to get smart about crypto investing? Download my brain here:

https://louisthomas.co.uk/download-my-brain/

▶️ 3Speak

#cryptocurrency #ethereum #blockchain #investing
5 years ago in #threespeak by
$35.81
  • Max accepted payout: $100,000.00
  • Past Payouts $35.81, 0.00 TRX
  • - Author $18.92, 0.00 TRX
  • - Curators $16.89, 0.00 TRX
329 votes
Reply 6
Sort:  
  • Trending
    • [-]
     5 years ago 

    An excellent explanation for a lay person. You didn't get into any technical terms and kept it simple.

    $0.22
    • Past Payouts $0.22, 0.00 TRX
    • - Author $0.11, 0.00 TRX
    • - Curators $0.11, 0.00 TRX
    1 vote
    Reply
    [-]
     5 years ago 

    An excellent explanation for a lay person. You didn't get into any technical terms and kept it simple.

    $0.00
      Reply
      [-]
       5 years ago 

      Good one Louis it was Simple yet informative

      $0.00
        Reply
        [-]
         5 years ago 

        So by staking one is providing a lot more legitimacy to ethreuem? I basically had to rewatch again. Anyways it was down to earth explanation but I still find it difficult understanding it.

        $0.00
          Reply
          [-]
           5 years ago 

          Its still somewhat confusing. What's the essence of staking?
          Is staking say like Steempower?

          $0.00
            Reply