The system also discourages bad actors with financial penalties. Proof of work requires validators to solve complex math problems. They compete for the chance to be chosen to validate a new batch of transactions and add them to the blockchain, earning a set amount of crypto in the process. https://www.tokenexus.com/what-is-bitcoin-halving/ Bitcoin uses the proof of work mechanism, while Ethereum is moving toward a proof of stake consensus mechanism. The chart below shows official data on the real-time changes in the number of ETH coins deposited in the Ethereum Proof-of-Stake (PoS) Beacon Chain smart contracts. Blockchain Applications Established coins like Ethereum and Bitcoin also have the major advantage of being accepted on a wide range…