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Author Message   Jaffaa Celebrity Bewarse Username: Jaffaa Post Number: 25254 Registered: 03-2008 Rating: N/A Votes: 0 Posted on Monday, March 08, 2021 - 7:02 pm:    bilaak ball crypto consensus generally two types PoW - proof of work - bitcoin, litecoin etc falls into this category. essentially a set of transactions are grouped into a block and miners on the network solve puzzles to add the block to the BTC chain. whoever solves fast will usually get the block reward. in case of BTC whether or not there are transactions there is a block generated every 10mins. and each block releases 6.25 new BTC as mining reward. to solve the puzzles fast there by to get the mining reward, mining pools (groups of computers) are formed. in 2010-2013 time frame you can solve the puzzles using your laptop, now it is no longer the case. you have to be part of a pool to solve it and you will get a portion of the reward PoS - proof of stake - this is the second popular consensus. in this case there are nodes called validators in the network whose responsibility is to validate the transcations. any one can technically be a validator, but they have to have weight (voting power) to be able to vote on transactions. the amount of weight (voting power) a validator is directly proprtional to the weight staked to this validator. in order to earn staking rewards you either can become a validator and stake your ethereum to your own node or you can stake it to a reputable node (kraken, binance etc.). you will get a commission for loaning your ethereum to vote transcations.