What Is The Difference Between Bitcoin’s “Proof Of Work” Vs. Peercoin (PPC) & Nextcoin’s (NXT) “Proof Of Stake”?

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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