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why do we need a proof of stake/work? #1769

Answered by krakxn
heavidevi asked this question in Q&A
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Captcha's are highly subjective and open to misinterpretations. Also, how do you avoid dishonest nodes by a Captcha? Also, imagine the inefficiency, how do you scale this too? You cannot.

Why we need PoW/PoS? It is to keep the entire network fault-tolerant—refer Byzantine Fault Tolerance—whilst having a general consensus b/w the full-nodes/miners/validators and the nodes, to avoid dishonest participants.

In order to guarantee that all participants ("nodes") in a blockchain network agree on a single version of history, blockchain networks—like Bitcoin and Ethereum—implement what's known as consensus mechanisms.

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Answer selected by alymurtazamemon
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