![]() ![]() In contrast to the energy-intensive proof-of-work (PoW) method used by Bitcoin, for example, Elrond relies on the more efficient Proof-of-Stake (PoS) approach. In both cases, the network relies on their user base to confirm whether transactions are correct. To better understand the concept of staking, we should first explain the difference between Proof of Work and Proof of Stake blockchains. As one of the top three staking providers worldwide, we operate the largest German-speaking Elrond community and secure the Elrond network with more than 100 validator nodes. ![]()
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