this post was submitted on 13 Nov 2024
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submitted 1 day ago by Stamets@lemmy.world to c/whitepeopletwitter@sh.itjust.works
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[–] hddsx@lemmy.ca 4 points 1 day ago (1 children)

That’s proof of work. Proof of stake is you just need more than everyone else, right?

[–] ConnecticutKen@lemmy.world 3 points 1 day ago* (last edited 1 day ago) (1 children)

It works more like loaning money and then receiving interest, except you are loaning crypto to the network and then you get it back, plus some, after a certain period of time

[–] hddsx@lemmy.ca 2 points 1 day ago

Is the network not considered a third party