🙋Proof of work, proof of stake, proof of humanity – which one is the best?
⚒️We all know Bitcoin operates as a proof of work blockchain, where mining is required to validate transactions, however this system is incredibly inefficient and power hungry.
💵Ethereum, post-merge, becomes a proof of stake network, where the more ETH you have staked, the more likely you are to be selected as a validator.
🧠Proof of humanity is a completely new concept that we dive into today, with 2 revolutionary projects: Humanode and Kleros.
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📌Timestamps
00:15 P0W vs PoS vs PoH
00:50 Proof of Work explained
01:44 Proof of Stake explained
02:48 Benefits of proof of Stake, ETH merge
03:13 Proof of humanity intro – Kleros
05:00 Humanode proof of humanity
05:30 Humanode decentralization release date
05:55 Proof of humanity use cases
07:20 Humanode whitepaper
11:00 Conclusion
ℹ️Resources
https://www.investopedia.com/terms/p/proof-work.asp
https://www.investopedia.com/terms/p/proof-stake-pos.asp
https://blog.kleros.io/proof-of-humanity-an-explainer/
https://blog.humanode.io/biometrically-secured-storage-networks/
https://papers.humanode.io/deck.pdf
Tweets by humanode_io
https://humanode.io/
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💣 Disclaimer
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
15 Comments
Nice one
Proof of humanity is the way forward.
And I believe humanode would take it to the next level
Lfg 🚀🚀
This is great keep it up
Woww
Nice, so POW is proof of work 🤔
Thank you for sharing their differences. More power and God bless! 😊
Proof of humanity is cool
Nice one here.
Thanks i needed this information!
Prove of humanity pretty new to me
It seems interesting
Thank you Crypto Sensei
You always know how break topics down 👌
Proof of humanity sounds weird and new to me.
But it's awesome 😻 strive to the future
No security breach
It is possible, but as blockchain technology advances so fast, anything can happen, time moves forward and today's technology is more advanced than in 2020, things are discovered faster, thanks to technological advances and blockchain is not it is
The last one which is the proof of humanity is an awesome development. Apart from Humanode, LunarCrush also has same model of one human one vote where they help to solve many issues that arose in the Crypto space and from their help in generating useful metrics for all to enjoy.
Thanks for this update.
The stake of humanode has been further explained to me . I really see the potential of this project the future
Cool that's one of the most interesting topic in crypto for me