March 2018
Beginner to intermediate
656 pages
20h 9m
English
Content preview from Mastering Blockchain - Second Edition
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Proof of Deposit (PoD)
The core idea behind this scheme is that newly minted blocks by miners are made unspendable for a certain period. More precisely the coins get locked for a set number of blocks during the mining operation. The scheme works by allowing miners to perform mining at the cost of freezing a certain number of coins for some time. This is a type of PoS.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.