Proof-of-work (PoW) and proof-of-stake (PoS) have become the two foremost consensus mechanisms that most blockchains adopt to ensure consensus and preserve the state of their networks. While proof-of-work precedes proof-of-stake, both consensus algorithms require energy (electricity) to perform their basic functions. However, to what degree is their energy consumption, and how does it affect the environment in terms of carbon footprints?
Godwin Victor Oluponmile
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