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
Collection
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.
