#81 Proof-of-Work vs. Proof-of-Stake + Master Nodes, DASH & PIVX

Bitcoin security (like most Blockchains) is based on Proof-of-Work Mining, which costs specialized equipment, electricity, and technical know-how. Ethereum is also Proof-of-Work Mining Coins for Ether, but they have plans to become Proof-of-Stake in their next few updates in these coming months.

Still, not everyone understands "Proof-of-Work Mining" for new tokens, verses "Proof-of-Stake forging" of new tokens. Also, the Proof-of-Stake concepts, fold into these blockchains "Master Nodes", which can provide very special blockchain powers for digital token creation, cool usages, and decision voting for specific Blockchain Governance!

So, in this video, we're going to review Proof-Of Work, Proo-fOf-Stake, and a masternode for tokens, such as DASH and PIVX. All that and more! Let's Discuss!

=== Show Links ===

https://coinmarketcap.com/#BTC
http://www.investopedia.com/terms/p/proof-work.asp
http://www.investopedia.com/terms/p/proof-stake-pos.asp
https://themerkle.com/what-is-a-masternode/
http://dashmasternode.org/what-is-a-masternode/
https://steemit.com/cryptocurrency/@mnemonic19/masternodes-in-cryptocurrency
http://www.cryptonode.co/
http://pivx.cryptonode.co/
https://pivxmasternode.org/what-is-a-masternode/
http://mymasternode.com/
https://coinmarketcap.com/currencies/pivx/
► Wallet & Staking Tutorial:


► Request PIVX :) https://poloniex.com/coinRequest

minting-coins-header.png

=== HOW TO HELP ♥ MINTING COINS™ ===

  1. WATCH, + Subscribe, Like, & Comment :)
  2. DONATE Cryptocurrency, to the addresses below.
  3. FOLLOW-us & Upvote on SteemIt:
    3a) https://steemit.com/@mintingcoins/
    3b) https://steemit.com/@garypalmerjr/
  4. JOIN us at: https://mintingcoins.com/

=== DONATION ADDRESSES ===

✯ Donate BTC-Bitcoin ♥ 1G5QaqZH6WQ5wcFb6TGbHoT7Ugct6TYnML
✯ Donate ETH-Ether ✯ 0x2184b97649a1689E7F92b11f217AF8ae39f701Aa
...or use our ENS name: mintingcoins.eth
✯ Donate DASH ✯ Xmi5w4F26VPt2C5pSJQahe8969V43zrP2J
✯ Donate LTC-Litecoin ✯ MTPicHRLbBwmqcSEAyhm9qXox2GdAb6iBb
✯ Donate ZEC-Zcash ✯ t1VqC9NL5o3DkNBzKB4fPvtDsdGQ1h2F2nR
✯ Donate BCH/BCC-Bitcoin Cash ✯ 1FXxpWiHh9XoCNrRpb8ii61aecYDDCp2do
✯ Donate XMR-Monero ✯ 49E4qvpriNgJ8C1wD9iSDDcSiSqXFwUUdP7XRnhw7CbfT5mLeGk2M5n6pZtu5P6sk7KficCFCpFUdSpfBqguP1HR6iahc6u

=== ABOUT Minting Coins™ ===

It's time to join the Blockchain & Cryptocurrency Revolution.

♥ If this video helped, inspired, or enlightened you ~
...then please Follow, Like, & Subscribe to HELP our channel!

♥ E-mail us any screenshots, footage, or ideas
..for future episodes, to: MintingCoins 23 @ gmail .com

♥ Buy Bitcoin, Ethereum, & Litecoin, here: https://www.coinbase.com/join/528bf7b561411909040001fa

♥ Minting Coins™ Official Website:
https://MintingCoins.com

MINTING COINS™ T-shirt & Accessories!
https://MintingCoins.spreadshirt.com/

=== Copyright/Copyleft ===

Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work for purposes such as criticism, comment, review and news reporting is not an infringement of copyright. We are making such material available for the purposes of criticism, comment, review and news reporting which constitute the 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. ALL footage used is either done under the express permission of the original owner, or is public domain and falls under rules of Fair Use. (This is a fair use disclaimer that you can use too.)

minting-coins-footer-support-us.jpg

Sort:  

Let your kids give you a big hug on this one. It's always good to get your brain cells activated and you did just that for me. I've noticed that you are the clearest and most profound when you are on firm ground rather than trying to slush through figuring out the politics and making sense of regulatory roaches. I had a university professor who said it best, "Like trying to play tennis ankle deep in mud." Also followed you from YT.

Thank you! We are lucky that money is not our top priority, so we can just focus on making video content. Building community and information for people is our #1 priority :)

also followed you here from youtube. another amazingly clarifying and informative video. thankyou very much.

Welcome! Don't be a stranger ;)

Great videos boss, followed ya from youtube :)

That is awesome! Thank you :)

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.youtube.com/watch?v=eF-Uh-k7Neo