The benefits of mining with HashFlat Mining
The word Blockchain comes from English and literally means simply block chain. The blockchain is first a database software in the transactions and data stored and summarized into blocks. The "Genesisblock" starts, all other blocks are first checked and then added chronologically behind. The special feature of Blockchain is that it does not need a central location, without a central server. So there is not one company or one institution that operates this transactional directory, instead it is distributed in the network and at the same time kept multiple times by so-called nodes.
Unlike Proof of Work, Proof of Stake does not create cryptocurrency through complicated computational tasks. Simplified, instead, small portions of the cryptocurrency are kept in a wallet (account) and unlocked by the process. One speaks of the so-called Staking, which is English for stacking. With the totality of shares, each participating user validates the transactions made through the block chain, maximizing the security of the network. In return, each investor receives an amount for the amount of coins held.
With proof of work, arithmetic tasks have to be solved that can only be solved by frequent trial and error. This ensures that sufficient work is invested in the calculation and hedging of the transactions. The proof-of-work approach is extremely energy intensive, so the power and hardware costs would make a scam senseless.