I gave a talk in our seminar about the proof-of-work vs. the proof-of-stake blockchain paradigm. Although I don’t have an audio/video recording, here is a Google Slides rendering of my original Powerpoint slides. Some of the animations are out of place/order, but in general, it feels okay.
I intended this talk to be accessible in nature, so I intentionally skipped many details and strived not to flaunt any equation in it.
Advertised Summary: Bitcoin is a blockchain protocol where finalized transactions need a “proof of work”. Such protocols have been criticized for a high demand for computing power i.e., electricity. There is another family of protocols which deals with a “proof of stake”. In these protocols, the ability to make a transaction depends on your “stake” in the system instead of your computing power. In both cases, it is notoriously difficult to mathematically prove that these protocols are secure. Only a handful of provably secure protocols exist today. In this talk, I will tell a lighthearted story about the basics of the proof-of-work vs. proof-of-stake protocols. No equations but a lot of movie references.
Please enjoy, and please let me know your questions and comments.