4

i knew about proof of Work and proof of Stake in term of Ethereum. But recently i heard something about proof of concept in Ethereum.

Can anyone explain what it means by proof of concept? How does it different with PoW and PoS? Or does Proof of Concept really exists in the first place?

Improve this question

1 Answer 1

Reset to default
7

Proof of Concept (PoC) has nothing to do with consensus algorithms (PoW, PoS) or Ethereum specifically.

PoC is basically a prototype application built with the purpose to verify that certain concepts or theories have the potential for real-world application.

https://en.wikipedia.org/wiki/Proof_of_concept

Improve this answer

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.