OKX

What is OKX? OKX is one of the world's famous digital asset trading platforms. It mainly provides currency and derivatives trading services for digital assets such as Bitcoin, Litecoin, and Ethereum to users around the world. O...

What is Proof of Work (PoW)?

Proof of Work (PoW) explained Proof of Work (often abbreviated "PoW") is a prevention mechanism for the double-spending problem. The vast majority of cryptocurrencies use this consensus algorithm mechanism. We call this approach the l...

What is Proof of Stake (PoS)?

Proof of Stake (PoS) explained Proof of stake is a popular alternative to proof of work. Validators do not need computing power to validate transactions, but must instead stake tokens, which greatly reduces the energy consumption requ...