Monday, June 17, 2024

Proof of Stake (PoS)

Proof of Stake (PoS) is an algorithm designed for cryptocurrency blockchains to achieve distributed consensus.

Unlike Proof of Work or PoW, one can validate transactions and create new blocks based on personal wealth (stake) such as the total number of tokens owned. One of the main advantages of PoS over PoW is lower energy consumption.

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