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Explain proof of stake to my mom.

Either you can prove that something is right by doing something really difficult,

or you can just give someone something of words, so they have to trust you.

Basically, like a pawn shop, you give them something, and that's why they trust you, not necessarily because you sign something.

Welcome to First Mover on Coin Desk on this show.

You get all of your top news headlines, deep dives into specific topics and interviews

with industry heavy hitters.

Let's get right into it.

Today we're going to break down the Bitcoin halving before we get to our interview.

The Bitcoin halving cycle refers to

the recurring event that reduces the blockchain rewards paid in Bitcoin and given to miners

for validating transactions and creating new blocks on the blockchain. Basically, the halving

...