Ecoer Logo
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.000USD
STEEM
0.000STEEM
SBD
0.000SBD
Effective Power
1.201SP
├── Own SP
0.000SP
└── Incoming Deleg
+1.201SP

Detailed Balance

STEEM
balance
0.000STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
0.000SP
Delegated Out
0.000SP
Delegation In
1.201SP
Effective Power
1.201SP
Reward SP (pending)
0.000SP
SBD
sbd_balance
0.000SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
0.000SBD
{
  "balance": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "0.000000 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "1953.311140 VESTS",
  "sbd_balance": "0.000 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "0.000 SBD",
  "conversions": []
}

Account Info

nametokia
id1148711
rank1,612,855
reputation7294806
created2018-10-11T11:30:33
recovery_accountsteem
proxyNone
post_count1
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2018-10-11T11:46:03
last_root_post2018-10-11T11:46:03
last_vote_time1970-01-01T00:00:00
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power0
delayed_votes0
balance0.000 STEEM
savings_balance0.000 STEEM
sbd_balance0.000 SBD
savings_sbd_balance0.000 SBD
vesting_shares0.000000 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares1953.311140 VESTS
reward_vesting_balance0.000000 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update1970-01-01T00:00:00
last_account_update2018-10-11T11:32:30
minedNo
sbd_seconds0
sbd_last_interest_payment1970-01-01T00:00:00
savings_sbd_last_interest_payment1970-01-01T00:00:00
{
  "id": 1148711,
  "name": "tokia",
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM5VhMsdPevnjDMA4xxPV6V6kY2vbfF9AsCEzA7ioq9B2u8nstDv",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM514u5gtNcYprddxbFCxRjL2CKkpAayNgR91bkbDsabTpj4Z4Nd",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM7gXjPRgsaAuGCNXxDHYTziJkzRtDUkQX3NxHvx46nzDamVJStH",
        1
      ]
    ]
  },
  "memo_key": "STM5ezV2nTW4c3LKGF9DzkdzXkNQkfi5WHq3Fpr4HyzGYJ9NtkcfA",
  "json_metadata": "{\"profile\":{\"profile_image\":\"https://cdn.steemitimages.com/DQmZg8aKrxFcEggxCnB7a8uro2i3ZB6JDe5wwX9QZGVwCr4/LOGO.jpg\",\"name\":\"Tokia\",\"website\":\"https://www.tokia.io\"}}",
  "posting_json_metadata": "{\"profile\":{\"profile_image\":\"https://cdn.steemitimages.com/DQmZg8aKrxFcEggxCnB7a8uro2i3ZB6JDe5wwX9QZGVwCr4/LOGO.jpg\",\"name\":\"Tokia\",\"website\":\"https://www.tokia.io\"}}",
  "proxy": "",
  "last_owner_update": "1970-01-01T00:00:00",
  "last_account_update": "2018-10-11T11:32:30",
  "created": "2018-10-11T11:30:33",
  "mined": false,
  "recovery_account": "steem",
  "last_account_recovery": "1970-01-01T00:00:00",
  "reset_account": "null",
  "comment_count": 0,
  "lifetime_vote_count": 0,
  "post_count": 1,
  "can_vote": true,
  "voting_manabar": {
    "current_mana": 1953311140,
    "last_update_time": 1588956432
  },
  "downvote_manabar": {
    "current_mana": 488327785,
    "last_update_time": 1588956432
  },
  "voting_power": 0,
  "balance": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "sbd_balance": "0.000 SBD",
  "sbd_seconds": "0",
  "sbd_seconds_last_update": "1970-01-01T00:00:00",
  "sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "reward_sbd_balance": "0.000 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "0.000000 VESTS",
  "reward_vesting_steem": "0.000 STEEM",
  "vesting_shares": "0.000000 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "1953.311140 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "withdrawn": 0,
  "to_withdraw": 0,
  "withdraw_routes": 0,
  "curation_rewards": 0,
  "posting_rewards": 0,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "witnesses_voted_for": 0,
  "last_post": "2018-10-11T11:46:03",
  "last_root_post": "2018-10-11T11:46:03",
  "last_vote_time": "1970-01-01T00:00:00",
  "post_bandwidth": 0,
  "pending_claimed_accounts": 0,
  "vesting_balance": "0.000 STEEM",
  "reputation": 7294806,
  "transfer_history": [],
  "market_history": [],
  "post_history": [],
  "vote_history": [],
  "other_history": [],
  "witness_votes": [],
  "tags_usage": [],
  "guest_bloggers": [],
  "rank": 1612855
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
steemdelegated 1.201 SP to @tokia
2020/05/08 16:47:12
delegatorsteem
delegateetokia
vesting shares1953.311140 VESTS
Transaction InfoBlock #43201858/Trx eb967e647d0503bb44f39087a68b78735868a205
View Raw JSON Data
{
  "trx_id": "eb967e647d0503bb44f39087a68b78735868a205",
  "block": 43201858,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-08T16:47:12",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "tokia",
      "vesting_shares": "1953.311140 VESTS"
    }
  ]
}
steemdelegated 6.056 SP to @tokia
2019/12/13 00:48:24
delegatorsteem
delegateetokia
vesting shares9847.823322 VESTS
Transaction InfoBlock #38987087/Trx 65ac95b10930202c233090bd96b6823cdaaa3623
View Raw JSON Data
{
  "trx_id": "65ac95b10930202c233090bd96b6823cdaaa3623",
  "block": 38987087,
  "trx_in_block": 20,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-12-13T00:48:24",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "tokia",
      "vesting_shares": "9847.823322 VESTS"
    }
  ]
}
2019/10/11 11:49:30
parent authortokia
parent permlinkproof-of-work-and-proof-of-stake
authorsteemitboard
permlinksteemitboard-notify-tokia-20191011t114930000z
title
bodyCongratulations @tokia! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@tokia/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@tokia) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=tokia)_</sub> **Do not miss the last post from @steemitboard:** <table><tr><td><a href="https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready"><img src="https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmRUkELn2Fd13pWFkmWU2wBMMx39EBX5V3cHBEZ2d7f3Ve/image.png"></a></td><td><a href="https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready">The new SteemFest⁴ badge is ready</a></td></tr></table> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
Transaction InfoBlock #37189379/Trx 49912d354b1b06046a00e68e27ec9878e02a6f7b
View Raw JSON Data
{
  "trx_id": "49912d354b1b06046a00e68e27ec9878e02a6f7b",
  "block": 37189379,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-10-11T11:49:30",
  "op": [
    "comment",
    {
      "parent_author": "tokia",
      "parent_permlink": "proof-of-work-and-proof-of-stake",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-tokia-20191011t114930000z",
      "title": "",
      "body": "Congratulations @tokia! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@tokia/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@tokia) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=tokia)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmRUkELn2Fd13pWFkmWU2wBMMx39EBX5V3cHBEZ2d7f3Ve/image.png\"></a></td><td><a href=\"https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready\">The new SteemFest⁴  badge is ready</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}
steemdelegated 6.177 SP to @tokia
2019/01/10 13:15:30
delegatorsteem
delegateetokia
vesting shares10044.815957 VESTS
Transaction InfoBlock #29334015/Trx 2383ab249107b8a9a17724e9499ec6a5c104c7f3
View Raw JSON Data
{
  "trx_id": "2383ab249107b8a9a17724e9499ec6a5c104c7f3",
  "block": 29334015,
  "trx_in_block": 27,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-01-10T13:15:30",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "tokia",
      "vesting_shares": "10044.815957 VESTS"
    }
  ]
}
2018/10/11 11:53:18
votermailinator
authortokia
permlinkproof-of-work-and-proof-of-stake
weight10000 (100.00%)
Transaction InfoBlock #26713344/Trx 99789b596832e2703ea8e808cf58f447c6ce4b37
View Raw JSON Data
{
  "trx_id": "99789b596832e2703ea8e808cf58f447c6ce4b37",
  "block": 26713344,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-10-11T11:53:18",
  "op": [
    "vote",
    {
      "voter": "mailinator",
      "author": "tokia",
      "permlink": "proof-of-work-and-proof-of-stake",
      "weight": 10000
    }
  ]
}
2018/10/11 11:48:21
parent author
parent permlinkcryptocurrency
authortokia
permlinkproof-of-work-and-proof-of-stake
titleProof Of Work and Proof Of Stake
bodyWhile trying to learn more about how Bitcoin, Ethereum, or other cryptocurrencies work, you must have come across these two difficult terms – Proof of work (POW) and Proof of stake (POS). Both terms are quite difficult to understand without the technological knowledge. In reality, both terms are not that hard to get. Proof of work and proof of stake are two kinds of computer algorithms that are responsible for today’s success of digital currencies like Bitcoin and Ethereum. First of all, let’s start with basic definitions of POW and POS. ### What is the Proof of work? Proof of work is a protocol that has the main goal of deterring cyber-attacks such as a distributed denial-of-service attack (DDoS) which has the purpose of exhausting the resources of a computer system by sending multiple fake requests. The Proof of work concept existed way before Bitcoin was presented to the public, but the creators of Bicoin applied this technique to the first digital currency revolutionizing the way traditional transactions are set. In fact, PoW idea was originally published by Cynthia Dwork and Moni Naor back in 1993, but the term “proof of work” was coined by Markus Jakobsson and Ari Juels in a document published in 1999. Either way, Proof of work is maybe the biggest idea behind Bitcoin white paper, because it allows trustless and distributed consensus. Proof of work is a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions (called block) on a distributed ledger called blockchain [(Learn more about mining)](https://www.tokia.io/what-is-mining/). ### What is a proof of stake? Proof of stake is a different way to validate transactions based and achieve the distributed consensus. It is an algorithm with the same purpose as of the proof of work, but different process of reaching the goal. The idea of proof of stake algorithm was suggested on the bitcointalk forum back in 2011. The first digital currency to use this method was released in 2012 – Peercoin, together with ShadowCash, Nxt, BlackCoin, NuShares/NuBits, Qora and Nav Coin. Unlike the proof-of-work, where the algorithm rewards miners who solve mathematical problems with the goal of validating transactions and creating new blocks, with the proof of stake, the creator of a new block is chosen in a deterministic way, depending on its wealth, also defined as stake. Also, all the digital currencies are previously created in the beginning, and their number never changes. This means that in the Proof of stake system there is no block reward, so, the miners take the transaction fees. ### Trustless and distributed consensus A trustless and distributed consensus system means that if you want to send or receive money from someone you don’t need to trust in third-party services. When traditional methods of payment are being used, there is a need to trust in a third party to set your transaction (e.g. Visa, Mastercard, PayPal, banks). They have to keep their own private register which stores transactions history and balances of each account. With digital currencies, everyone has a copy of the ledger (blockchain), so no one has to trust in third parties, because anyone can directly verify the information written. ![TOKIA cryptocurrency exchange](https://cdn.steemitimages.com/DQmX3aJ2uoz6wHWiKCgHT2REQd1BvrTH1Gop6jyKmDNHCaJ/image.png) [Proof of Work vs Proof of Stake](https://www.tokia.io/blog/learn/what-is-pow-pos/)
json metadata{"tags":["cryptocurrency","bitcoin","blockchain","fintech","crypto"],"image":["https://cdn.steemitimages.com/DQmX3aJ2uoz6wHWiKCgHT2REQd1BvrTH1Gop6jyKmDNHCaJ/image.png"],"links":["https://www.tokia.io/what-is-mining/","https://www.tokia.io/blog/learn/what-is-pow-pos/"],"app":"steemit/0.1","format":"markdown"}
Transaction InfoBlock #26713245/Trx fbb5bd93aed179728e285e111c311b59898082ab
View Raw JSON Data
{
  "trx_id": "fbb5bd93aed179728e285e111c311b59898082ab",
  "block": 26713245,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-10-11T11:48:21",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "cryptocurrency",
      "author": "tokia",
      "permlink": "proof-of-work-and-proof-of-stake",
      "title": "Proof Of Work and Proof Of Stake",
      "body": "While trying to learn more about how Bitcoin, Ethereum, or other cryptocurrencies work, you must have come across these two difficult terms – Proof of work (POW) and Proof of stake (POS). Both terms are quite difficult to understand without the technological knowledge.\n\nIn reality, both terms are not that hard to get. Proof of work and proof of stake are two kinds of computer algorithms that are responsible for today’s success of digital currencies like Bitcoin and Ethereum.\n\nFirst of all, let’s start with basic definitions of POW and POS.\n\n### What is the Proof of work?\n\nProof of work is a protocol that has the main goal of deterring cyber-attacks such as a distributed denial-of-service attack (DDoS) which has the purpose of exhausting the resources of a computer system by sending multiple fake requests. The Proof of work concept existed way before Bitcoin was presented to the public, but the creators of Bicoin applied this technique to the first digital currency revolutionizing the way traditional transactions are set.\n\nIn fact, PoW idea was originally published by Cynthia Dwork and Moni Naor back in 1993, but the term “proof of work” was coined by Markus Jakobsson and Ari Juels in a document published in 1999. Either way, Proof of work is maybe the biggest idea behind Bitcoin white paper, because it allows trustless and distributed consensus.\n\nProof of work is a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions (called block) on a distributed ledger called blockchain [(Learn more about mining)](https://www.tokia.io/what-is-mining/).\n\n### What is a proof of stake?\n\nProof of stake is a different way to validate transactions based and achieve the distributed consensus. It is an algorithm with the same purpose as of the proof of work, but different process of  reaching the goal. The idea of proof of stake algorithm was suggested on the bitcointalk forum back in 2011. The first digital currency to use this method was released in 2012 – Peercoin, together with ShadowCash, Nxt, BlackCoin, NuShares/NuBits, Qora and Nav Coin.\n\nUnlike the proof-of-work, where the algorithm rewards miners who solve mathematical problems with the goal of validating transactions and creating new blocks, with the proof of stake, the creator of a new block is chosen in a deterministic way, depending on its wealth, also defined as stake.\n\nAlso, all the digital currencies are previously created in the beginning, and their number never changes. This means that in the Proof of stake system there is no block reward, so, the miners take the transaction fees.\n\n\n### Trustless and distributed consensus\n\nA trustless and distributed consensus system means that if you want to send or receive money from someone you don’t need to trust in third-party services. When traditional methods of payment are being used, there is a need to trust in a third party to set your transaction (e.g. Visa, Mastercard, PayPal, banks). They have to keep their own private register which stores transactions history and balances of each account.\n\nWith digital currencies, everyone has a copy of the ledger (blockchain), so no one has to trust in third parties, because anyone can directly verify the information written.\n\n![TOKIA cryptocurrency exchange](https://cdn.steemitimages.com/DQmX3aJ2uoz6wHWiKCgHT2REQd1BvrTH1Gop6jyKmDNHCaJ/image.png)\n\n[Proof of Work vs Proof of Stake](https://www.tokia.io/blog/learn/what-is-pow-pos/)",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"bitcoin\",\"blockchain\",\"fintech\",\"crypto\"],\"image\":[\"https://cdn.steemitimages.com/DQmX3aJ2uoz6wHWiKCgHT2REQd1BvrTH1Gop6jyKmDNHCaJ/image.png\"],\"links\":[\"https://www.tokia.io/what-is-mining/\",\"https://www.tokia.io/blog/learn/what-is-pow-pos/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}
2018/10/11 11:46:09
voterfastresteem
authortokia
permlinkproof-of-work-and-proof-of-stake
weight100 (1.00%)
Transaction InfoBlock #26713201/Trx d51cf265947dd9e90381d9e7ed79cb8c6433dfed
View Raw JSON Data
{
  "trx_id": "d51cf265947dd9e90381d9e7ed79cb8c6433dfed",
  "block": 26713201,
  "trx_in_block": 31,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-10-11T11:46:09",
  "op": [
    "vote",
    {
      "voter": "fastresteem",
      "author": "tokia",
      "permlink": "proof-of-work-and-proof-of-stake",
      "weight": 100
    }
  ]
}
2018/10/11 11:46:03
parent author
parent permlinkcryptocurrency
authortokia
permlinkproof-of-work-and-proof-of-stake
titleProof Of Work and Proof Of Stake
bodyWhile trying to learn more about how Bitcoin, Ethereum, or other cryptocurrencies work, you must have come across these two difficult terms – Proof of work (POW) and Proof of stake (POS). Both terms are quite difficult to understand without the technological knowledge. In reality, both terms are not that hard to get. Proof of work and proof of stake are two kinds of computer algorithms that are responsible for today’s success of digital currencies like Bitcoin and Ethereum. First of all, let’s start with basic definitions of POW and POS. ### What is the Proof of work? Proof of work is a protocol that has the main goal of deterring cyber-attacks such as a distributed denial-of-service attack (DDoS) which has the purpose of exhausting the resources of a computer system by sending multiple fake requests. The Proof of work concept existed way before Bitcoin was presented to the public, but the creators of Bicoin applied this technique to the first digital currency revolutionizing the way traditional transactions are set. In fact, PoW idea was originally published by Cynthia Dwork and Moni Naor back in 1993, but the term “proof of work” was coined by Markus Jakobsson and Ari Juels in a document published in 1999. Either way, Proof of work is maybe the biggest idea behind Bitcoin white paper, because it allows trustless and distributed consensus. Proof of work is a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions (called block) on a distributed ledger called blockchain [(Learn more about mining)](https://www.tokia.io/what-is-mining/). ### What is a proof of stake? Proof of stake is a different way to validate transactions based and achieve the distributed consensus. It is an algorithm with the same purpose as of the proof of work, but different process of reaching the goal. The idea of proof of stake algorithm was suggested on the bitcointalk forum back in 2011. The first digital currency to use this method was released in 2012 – Peercoin, together with ShadowCash, Nxt, BlackCoin, NuShares/NuBits, Qora and Nav Coin. Unlike the proof-of-work, where the algorithm rewards miners who solve mathematical problems with the goal of validating transactions and creating new blocks, with the proof of stake, the creator of a new block is chosen in a deterministic way, depending on its wealth, also defined as stake. Also, all the digital currencies are previously created in the beginning, and their number never changes. This means that in the Proof of stake system there is no block reward, so, the miners take the transaction fees. ### Trustless and distributed consensus A trustless and distributed consensus system means that if you want to send or receive money from someone you don’t need to trust in third-party services. When traditional methods of payment are being used, there is a need to trust in a third party to set your transaction (e.g. Visa, Mastercard, PayPal, banks). They have to keep their own private register which stores transactions history and balances of each account. With digital currencies, everyone has a copy of the ledger (blockchain), so no one has to trust in third parties, because anyone can directly verify the information written. ![TOKIA cryptocurrency exchange](https://cdn.steemitimages.com/DQmX3aJ2uoz6wHWiKCgHT2REQd1BvrTH1Gop6jyKmDNHCaJ/image.png) [Proof of Work vs Proof of Stake](https://www.tokia.io/blog/learn/what-is-pow-pos/)
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      "author": "tokia",
      "permlink": "proof-of-work-and-proof-of-stake",
      "title": "Proof Of Work and Proof Of Stake",
      "body": "While trying to learn more about how Bitcoin, Ethereum, or other cryptocurrencies work, you must have come across these two difficult terms – Proof of work (POW) and Proof of stake (POS). Both terms are quite difficult to understand without the technological knowledge.\n\nIn reality, both terms are not that hard to get. Proof of work and proof of stake are two kinds of computer algorithms that are responsible for today’s success of digital currencies like Bitcoin and Ethereum.\n\nFirst of all, let’s start with basic definitions of POW and POS.\n\n### What is the Proof of work?\n\nProof of work is a protocol that has the main goal of deterring cyber-attacks such as a distributed denial-of-service attack (DDoS) which has the purpose of exhausting the resources of a computer system by sending multiple fake requests. The Proof of work concept existed way before Bitcoin was presented to the public, but the creators of Bicoin applied this technique to the first digital currency revolutionizing the way traditional transactions are set.\n\nIn fact, PoW idea was originally published by Cynthia Dwork and Moni Naor back in 1993, but the term “proof of work” was coined by Markus Jakobsson and Ari Juels in a document published in 1999. Either way, Proof of work is maybe the biggest idea behind Bitcoin white paper, because it allows trustless and distributed consensus.\n\nProof of work is a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions (called block) on a distributed ledger called blockchain [(Learn more about mining)](https://www.tokia.io/what-is-mining/).\n\n### What is a proof of stake?\n\nProof of stake is a different way to validate transactions based and achieve the distributed consensus. It is an algorithm with the same purpose as of the proof of work, but different process of  reaching the goal. The idea of proof of stake algorithm was suggested on the bitcointalk forum back in 2011. The first digital currency to use this method was released in 2012 – Peercoin, together with ShadowCash, Nxt, BlackCoin, NuShares/NuBits, Qora and Nav Coin.\n\nUnlike the proof-of-work, where the algorithm rewards miners who solve mathematical problems with the goal of validating transactions and creating new blocks, with the proof of stake, the creator of a new block is chosen in a deterministic way, depending on its wealth, also defined as stake.\n\nAlso, all the digital currencies are previously created in the beginning, and their number never changes. This means that in the Proof of stake system there is no block reward, so, the miners take the transaction fees.\n\n\n### Trustless and distributed consensus\n\nA trustless and distributed consensus system means that if you want to send or receive money from someone you don’t need to trust in third-party services. When traditional methods of payment are being used, there is a need to trust in a third party to set your transaction (e.g. Visa, Mastercard, PayPal, banks). They have to keep their own private register which stores transactions history and balances of each account.\n\nWith digital currencies, everyone has a copy of the ledger (blockchain), so no one has to trust in third parties, because anyone can directly verify the information written.\n\n![TOKIA cryptocurrency exchange](https://cdn.steemitimages.com/DQmX3aJ2uoz6wHWiKCgHT2REQd1BvrTH1Gop6jyKmDNHCaJ/image.png)\n\n[Proof of Work vs Proof of Stake](https://www.tokia.io/blog/learn/what-is-pow-pos/)",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"bitcoin\",\"ethereum\"],\"image\":[\"https://cdn.steemitimages.com/DQmX3aJ2uoz6wHWiKCgHT2REQd1BvrTH1Gop6jyKmDNHCaJ/image.png\"],\"links\":[\"https://www.tokia.io/what-is-mining/\",\"https://www.tokia.io/blog/learn/what-is-pow-pos/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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2018/10/11 11:32:30
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tokiaupdated their account properties
2018/10/11 11:31:54
accounttokia
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steemdelegated 18.632 SP to @tokia
2018/10/11 11:30:33
delegatorsteem
delegateetokia
vesting shares30300.000000 VESTS
Transaction InfoBlock #26712889/Trx 1cd3a90951177904e47e2060a04170b233c9fdf8
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steemcreated a new account: @tokia
2018/10/11 11:30:33
creatorsteem
new account nametokia
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Account Metadata

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Auth Keys

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STM5ezV2nTW4c3LKGF9DzkdzXkNQkfi5WHq3Fpr4HyzGYJ9NtkcfA
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