ItemBook Chapter

Blockchain Technology: Proof of Work vs Proof of Stake Consensus Mechanism

Title
Blockchain Technology: Proof of Work vs Proof of Stake Consensus Mechanism
Creator
Jha, Babita; Giri, Pratibha; Jha, Deepak; Hassan, Rohail
Description
The purpose of blockchain technology is to record transactions after they have been confirmed. Blockchain?s ability to guarantee decentralized, transparent transactions with solid security has increased the appeal of new virtual currencies. The consensus mechanism, one of the key components of a blockchain network?s operation, plays a crucial role in a decentralized system. The debate surrounding an adequate consensus method has attracted significant attention, particularly in comparing Proof of Work (PoW) and Proof of Stake (PoS). This chapter comprehensively examines the Proof of Work (PoW) and Proof of Stake (PoS) algorithms and compares other consensus algorithms utilized in contemporary blockchain systems. 2026 Elsevier Inc. All rights are reserved, including those for text and data mining, AI training, and similar technologies.
Source
International Encyclopedia of Business Management;pp.Vol1:608-Vol1:614
Date
01-01-2025
Publisher
Elsevier
Subject
Bitcoin; Blockchain technology; Consensus algorithm; Cryptocurrencies; Cryptographic; Decentralized system; Ethereum; Mining; Proof of stake (PoS); Proof of work (PoW)
Coverage
Jha B., Christ (Deemed to be University), NCR, Delhi, Ghaziabad, India; Giri P., Christ (Deemed to be University), NCR, Delhi, Ghaziabad, India; Jha D., Christ (Deemed to be University), NCR, Delhi, Ghaziabad, India; Hassan R., Othman Yeop Abdullah Graduate School of Business (OYAGSB), Universiti Utara Malaysia, Kuala Lumpur, Malaysia, University of Economics and Human Sciences in Warsaw, Warsaw, Poland
Rights
Restricted Access; Hardcopy may be available in the library
Relation
ISBN: 978-044313701-3; 978-044313702-0;
Format
online
Language
English
Type
Book chapter

Citation

Jha, Babita; Giri, Pratibha; Jha, Deepak; Hassan, Rohail, “Blockchain Technology: Proof of Work vs Proof of Stake Consensus Mechanism,” CHRIST (Deemed To Be University) Institutional Repository, accessed June 19, 2026, https://archives.christuniversity.in/items/show/24183.

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