What is Hybrid PoW/PoS?
Imagine a high-security bank vault (proof-of-work) with a super efficient access system (proof-of-stake). A Hybrid PoW/PoS blockchain combines these two ideas.
- Proof-of-work (PoW) is like having a bunch of super strong guards securing the vault. They solve complex puzzles to validate transactions, making it very secure but also slow and energy-consuming.
- Proof-of-stake (PoS) is like having a trusted group of members with special keys to access the vault. They vote on valid transactions, making things faster and more energy-efficient.
A Hybrid PoW/PoS system aims to get the best of both worlds: the high security of PoW and the efficiency of PoS. It's like having those strong guards outside and a trusted access system inside for a secure but streamlined operation.