How Is Crypto Made
In todays blog I'm going to explain to you how cryptocurrencies are made and earned through the proof system. I'm going to discuss with you the different types of proof types there are. I will also explain how they all work in detail so you understand everything. 
Proof of work
If you keep up with crypto or even my blog then you have heard this word before. To make it easy to understand think of proof of work like this. If you were to mine crypto you would need the hardware required to mine it. Different coins have different hardware requirements so the hardware requirements aren't universal for all coins. Not to mention as well that some coins require whole GPU miners dedicated to mining for even a the slightest profit for example bitcoin. Although most profitable coins can be mined profitably using a decent machine like a gaming pc/laptop or the latest consumer desktops. How the mining process works specifically though is that when you use your CPU or GPU you are attempting to answer math equations using your computer power to unlock a block. Most of the time this is done in pools with other miners. Solo mining is possible but unless you have some seriously powerful hardware it's not possible to get profit and would take forever. How ever when the block is unlocked how ever much the block is worth in the crypto your mining is then split between you and the rest of the pool who helped mine the block. Keep up with the blog as for a future post I will be getting into how you can mine using your pc or laptop. 
Proof of stake
Now lets get into what proof of stake is. If you heard of Ethereum (if you haven't there's a post on my blog that explains this cryptocurrency) then you have defiantly heard of Ethereum 2.0. what Ethereum 2.0 changes in this new coin is how it's earned. You earn it through staking your Ethereum instead of mining it through proof of work. How you stake is that you lock your coins up in a staking account. When you do this you can't touch your coins at all but when you stake them you earn interest on top of your coins staked away. This is basically in simple terms a saving account for your crypto. A lot of coins are moving toward this type of system because it's easier to secure the blockchain more energy efficient and eco friendly as well lets investors to also earn and help secure the network. The amount of interest you earn and the minimum deposit amount varies by account providers. 
Proof of capacity
Now I'm sure many of you haven't heard of this proof system. What it essentially is you use your storage space available on your storage device(The most profitable way of acquiring coins this way is using a SSD) to validate the transactions and to decide mining rights. I highly recommended you don't use this proof system to use to earn crypto as it kills the lifespan of your storage device. But if you have some old hard drives laying around not being used then this is a great way to get use out of them. Not many coins use this proof system but the most famous of these coins is chia coin. 
Proof of View
The only proof system to be patented this is a proof system used by Verasity. Basically this proof system prevents bots and fake views from spamming videos and inflating views. This helps content makers get a more accurate demographic of it's viewers but also helps viewers from watching videos bought with bots that are typically low quality/effort or might be scams or have intent to harm. Another great feature of this proof system is that watchers a rewarded a part of the content makers reward for the view for watching videos. This is a great system as it requires no hardware to earn everyone gets something and everyone is kept safe from bots and spammers. If you enjoyed this blog then leave me feedback to let me know how I did. Your comments and likes are always appreciated.
