Proof-of-Stake (PoS) is a consensus mechanism used by some blockchain networks to validate and add transactions to the blockchain’s ledger. Unlike proof-of-work (PoW), which relies on miners solving complex mathematical puzzles, PoS validators are chosen to create new blocks and secure the network based on the amount of cryptocurrency they hold and are willing to “stake” as collateral. PoS is known for its energy efficiency compared to PoW, making it an attractive choice for eco-conscious blockchain projects. Understanding PoS is essential for those exploring cryptocurrencies and blockchain networks with different consensus mechanisms.
Proof-of-Stake (PoS)
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