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 DelegationsDeleg
+1.201SP
Detailed Balance
| STEEM | ||
| balance | 0.000STEEM | STEEM |
| market_balance | 0.000STEEM | STEEM |
| savings_balance | 0.000STEEM | STEEM |
| reward_steem_balance | 0.000STEEM | STEEM |
| STEEM POWER | ||
| Own SP | 0.000SP | SP |
| Delegated Out | 0.000SP | SP |
| Delegation In | 1.201SP | SP |
| Effective Power | 1.201SP | SP |
| Reward SP (pending) | 0.000SP | SP |
| SBD | ||
| sbd_balance | 0.000SBD | SBD |
| sbd_conversions | 0.000SBD | SBD |
| sbd_market_balance | 0.000SBD | SBD |
| savings_sbd_balance | 0.000SBD | SBD |
| reward_sbd_balance | 0.000SBD | SBD |
{
"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
| name | tokia |
| id | 1148711 |
| rank | 1,612,855 |
| reputation | 7294806 |
| created | 2018-10-11T11:30:33 |
| recovery_account | steem |
| proxy | None |
| post_count | 1 |
| comment_count | 0 |
| lifetime_vote_count | 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 |
| proxied_vsf_votes | 0, 0, 0, 0 |
| can_vote | 1 |
| voting_power | 0 |
| delayed_votes | 0 |
| balance | 0.000 STEEM |
| savings_balance | 0.000 STEEM |
| sbd_balance | 0.000 SBD |
| savings_sbd_balance | 0.000 SBD |
| vesting_shares | 0.000000 VESTS |
| delegated_vesting_shares | 0.000000 VESTS |
| received_vesting_shares | 1953.311140 VESTS |
| reward_vesting_balance | 0.000000 VESTS |
| vesting_balance | 0.000 STEEM |
| vesting_withdraw_rate | 0.000000 VESTS |
| next_vesting_withdrawal | 1969-12-31T23:59:59 |
| withdrawn | 0 |
| to_withdraw | 0 |
| withdraw_routes | 0 |
| savings_withdraw_requests | 0 |
| last_account_recovery | 1970-01-01T00:00:00 |
| reset_account | null |
| last_owner_update | 1970-01-01T00:00:00 |
| last_account_update | 2018-10-11T11:32:30 |
| mined | No |
| sbd_seconds | 0 |
| sbd_last_interest_payment | 1970-01-01T00:00:00 |
| savings_sbd_last_interest_payment | 1970-01-01T00:00:00 |
{
"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
| Incoming | Outgoing |
|---|---|
Empty | Empty |
{
"incoming": [],
"outgoing": []
}From Date
To Date
2020/05/08 16:47:12
2020/05/08 16:47:12
| delegator | steem |
| delegatee | tokia |
| vesting shares | 1953.311140 VESTS |
| Transaction Info | Block #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"
}
]
}2019/12/13 00:48:24
2019/12/13 00:48:24
| delegator | steem |
| delegatee | tokia |
| vesting shares | 9847.823322 VESTS |
| Transaction Info | Block #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
2019/10/11 11:49:30
| 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! <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 Info | Block #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\"]}"
}
]
}2019/01/10 13:15:30
2019/01/10 13:15:30
| delegator | steem |
| delegatee | tokia |
| vesting shares | 10044.815957 VESTS |
| Transaction Info | Block #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"
}
]
}mailinatorupvoted (100.00%) @tokia / proof-of-work-and-proof-of-stake2018/10/11 11:53:18
mailinatorupvoted (100.00%) @tokia / proof-of-work-and-proof-of-stake
2018/10/11 11:53:18
| voter | mailinator |
| author | tokia |
| permlink | proof-of-work-and-proof-of-stake |
| weight | 10000 (100.00%) |
| Transaction Info | Block #26713344/Trx 99789b596832e2703ea8e808cf58f447c6ce4b37 |
View Raw JSON Data
{
"trx_id": "99789b596832e2703ea8e808cf58f447c6ce4b37",
"block": 26713344,
"trx_in_block": 2,
"op_in_trx": 0,
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"timestamp": "2018-10-11T11:53:18",
"op": [
"vote",
{
"voter": "mailinator",
"author": "tokia",
"permlink": "proof-of-work-and-proof-of-stake",
"weight": 10000
}
]
}tokiapublished a new post: proof-of-work-and-proof-of-stake2018/10/11 11:48:21
tokiapublished a new post: proof-of-work-and-proof-of-stake
2018/10/11 11:48:21
| 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. 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.  [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 Info | Block #26713245/Trx fbb5bd93aed179728e285e111c311b59898082ab |
View Raw JSON Data
{
"trx_id": "fbb5bd93aed179728e285e111c311b59898082ab",
"block": 26713245,
"trx_in_block": 2,
"op_in_trx": 0,
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"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\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\"}"
}
]
}fastresteemupvoted (1.00%) @tokia / proof-of-work-and-proof-of-stake2018/10/11 11:46:09
fastresteemupvoted (1.00%) @tokia / proof-of-work-and-proof-of-stake
2018/10/11 11:46:09
| voter | fastresteem |
| author | tokia |
| permlink | proof-of-work-and-proof-of-stake |
| weight | 100 (1.00%) |
| Transaction Info | Block #26713201/Trx d51cf265947dd9e90381d9e7ed79cb8c6433dfed |
View Raw JSON Data
{
"trx_id": "d51cf265947dd9e90381d9e7ed79cb8c6433dfed",
"block": 26713201,
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"timestamp": "2018-10-11T11:46:09",
"op": [
"vote",
{
"voter": "fastresteem",
"author": "tokia",
"permlink": "proof-of-work-and-proof-of-stake",
"weight": 100
}
]
}tokiapublished a new post: proof-of-work-and-proof-of-stake2018/10/11 11:46:03
tokiapublished a new post: proof-of-work-and-proof-of-stake
2018/10/11 11:46:03
| 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. 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.  [Proof of Work vs Proof of Stake](https://www.tokia.io/blog/learn/what-is-pow-pos/) |
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| Transaction Info | Block #26713199/Trx 839784fc2cedca99a1473951406afeffa181e12a |
View Raw JSON Data
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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\n\n[Proof of Work vs Proof of Stake](https://www.tokia.io/blog/learn/what-is-pow-pos/)",
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}tokiaupdated their account properties2018/10/11 11:32:30
tokiaupdated their account properties
2018/10/11 11:32:30
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| Transaction Info | Block #26712928/Trx 3b0a3cf62629bc184aad3d00c838f1dca9524318 |
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}tokiaupdated their account properties2018/10/11 11:31:54
tokiaupdated their account properties
2018/10/11 11:31:54
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| memo key | STM5ezV2nTW4c3LKGF9DzkdzXkNQkfi5WHq3Fpr4HyzGYJ9NtkcfA |
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| Transaction Info | Block #26712916/Trx 9fb7100a8eecbd2d258cacddbb2294fcd42785d7 |
View Raw JSON Data
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}2018/10/11 11:30:33
2018/10/11 11:30:33
| delegator | steem |
| delegatee | tokia |
| vesting shares | 30300.000000 VESTS |
| Transaction Info | Block #26712889/Trx 1cd3a90951177904e47e2060a04170b233c9fdf8 |
View Raw JSON Data
{
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}2018/10/11 11:30:33
2018/10/11 11:30:33
| creator | steem |
| new account name | tokia |
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| memo key | STM5ezV2nTW4c3LKGF9DzkdzXkNQkfi5WHq3Fpr4HyzGYJ9NtkcfA |
| json metadata | {} |
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| Transaction Info | Block #26712889/Trx 1cd3a90951177904e47e2060a04170b233c9fdf8 |
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}Manabar
Voting Power100.00%
Downvote Power100.00%
Resource Credits100.00%
Reputation Progress0.00%
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}Account Metadata
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| JSON METADATA | |
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Owner
Single Signature
Public Keys
STM5VhMsdPevnjDMA4xxPV6V6kY2vbfF9AsCEzA7ioq9B2u8nstDv1/1
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Public Keys
STM514u5gtNcYprddxbFCxRjL2CKkpAayNgR91bkbDsabTpj4Z4Nd1/1
Posting
Single Signature
Public Keys
STM7gXjPRgsaAuGCNXxDHYTziJkzRtDUkQX3NxHvx46nzDamVJStH1/1
Memo
STM5ezV2nTW4c3LKGF9DzkdzXkNQkfi5WHq3Fpr4HyzGYJ9NtkcfA
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}Witness Votes
0 / 30
No active witness votes.
[]