SC12 Proof of Execution vs Proof of Stake: The Advantages of Verifiable Smart Contract Execution

2 years ago
85

Q: How does proof of execution differ from proof of stake and how it is superior?
A: Proof of execution is far superior to proof of stake because in Proof of Stake basically actors or nodes stake some currency in order to guarantee that it would behave correctly. But in Proof of Execution, the very nature of the algorithm guarantees that everybody will execute every smart contract correctly. So you don't trust or threaten to take away their stake. You can verify that the execution of the contracts faithfully. That's the difference, a big difference. Karim Kaddeche - VP of Research & Development - https://tau.net/our-team/

#Tau #Tauchain #Agoras #shorts #blockchain #formalverification

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