In this exciting video, Leon Fu and I will discuss the key differences of “Proof of Work” used in Bitcoin mining versus “Proof of Stake” used in NXT coin and Peercoin.
When I first learned that Nextcoin was “premined“. I thought it was a possible scam. However, once I understood the benefits of proof of stake versus proof of work… it made me appreciate the benefits of NXT coin’s ingenious approach to securing the blockchain.
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