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RE: Understanding Steemit : Learn About Steem Economy & Currencies Powered By The Steem Blockchain!
@ilyastarar Very helpful information explaining the concept of Steemit and its basic entirety. I was just wondering about the difference of proof of stake vs proof of work. Reading from other articles,witnesses have delegated proof of stake.
We all have Delegated Proof of Stake (DPoS) because of the SP (vesting shares actually) vested in the Steem blockchain. However, Steem has moved a step further and emphasizes the Proof of Brain incentives more often. It does not mean that DPoS does not exist anymore, it means that new users and average users have more to do with Proof of Brain and it is more understandable. Here's a screenshot of Steem.io website. You can check the site too.
I hope I have answered your question. Edit:- But this was not your question. Sorry for not reading properly. See the comment below.
Proof of Work means mining. It means energy consumption. Not environment friendly and heavy on energy. Expensive too.
Proof of Stake means having a stake (buy posessing coins). Coins are premined and bought rather than mined. It's energy efficient.
However, I am not an expert on the subject. Here's a post which will help you.
Agree with you....