What will change for miners and traders in 2018? Kambiz Djafari on switching to Proof-of-Stake algorithm
A revolution is being prepared in the crypto community that will change mining and quality of the work of popular blockchains: changing Proof-of-Work algorithm to Proof-of-Stake. A detailed comparison of the two algorithms is prepared by Kambiz Djafari, CEO and Co-founder at Edgecoin.io.
The educational blockchain platform Edgecoin.io is designed for offering and purchasing distance learning using cryptocurrency. Its creator, Kambiz Djafari, Blockchain & Bitcoin Conference Israel speaker, will talk about the widely discussed solution for improving the blockchain of cryptocurrencies - transition to the Proof-of-Stake algorithm. It will solve the problem of scalability and security in such blockchains as Bitcoin and Ethereum, which are becoming less productive as demand grows.
The Proof-of-Stake model is predicted to soon replace the existing Proof-of-Work. This will save resources and energy, which blockchains are using for scaling today. "2018 will be the year of PoS coins", the expert is convinced, and he will prove this statement in his presentation at the conference. From the speaker’s presentation, participants will learn the most important information about both algorithms: operation principles, strengths and weaknesses, prospects and coins using them.