Q: Difference between proof of work / proof of stake. Can someone explain both principles in a non-abstract way?

Q: Difference between proof of work / proof of stake. Can someone explain both principles in a non-abstract way?

Hi! I’m struggling in understanding the proof of work and proof of stake concepts. Can someone explain both concepts in a non-abstract way? With non-abstract I mean, literally, what happens when these concepts are executed? Almost all explanations I find on the internet fail in their explanation by explaining the complexity with new unexplained words and concepts. This is so annoying. I really would like to grasp the concepts so I thought, why not ask it the reddit community.Â

Hope to hear from you!

submitted by /u/Cheizer
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