[bjitty]

I'm familiar with proof of work and how it works within a blockchain to secure blocks.

I keep hearing about prof of stake. I'm very interested in it, however I haven't found an explanation that clearly explains to me how it works. I've looked at the Wiki article and read a little about Peercoin. Do you know of any article, video or source that may help explain exactly how proof of stake works?

[flatline]

If you haven't read the peercoin whitepaper[1], it may get you a bit closer to an understanding. That being said, I still don't have a solid grasp of exactly how coins destroyed results in solving blocks...

[1] http://www.peercoin.net/whitepaper

[bjitty]

Thank you! I can't believe I missed it and didn't think to check for a white paper for this. Especially since that's what really cleared up bitcoin's proof of work blockchain to me.

[bachback]

proof of stake was first proposed in 2011 on bitcointalk, the go-to reference for everything bitcoin/altcoin.

https://en.bitcoin.it/wiki/Proof_of_Stake

http://wiki.nxtcrypto.org/

http://bitshares.org/security/delegated-proof-of-stake.php

If any coins make it you can see at watching the marketcap of the coins at http://coinmarketcap.com

[bjitty]

Awesome, thanks for the links.

[nomailing]

I would recommend reading http://blog.ethereum.org/2014/01/15/slasher-a-punitive-proof...

[bjitty]

Thanks I appreciate it. Off to read it now.