What is Proof-of-Stake (PoS)?

in #cryptocurrency • 5 years ago

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Proof-of-stake (PoS) is one of the consensus mechanisms which helps determine who validate the next block.

With PoS, cryptocurrencies’ owners running on that blockchain stake their coins and use this stake to get the right to validate transactions and create new blocks. From the user perspective, staking is a way of being rewarded for participating in the network ecosystem, it could be compared to interest savings in a traditional bank.

Earn money while holding crypto assets - Staking!

So What Is Proof of Stake (PoS)?

Learn more: https://www.bombcoins.com/2020/01/what-is-proof-of-stake-pos.html

#PoS #cryptocurrencies #Cryptocurrency #bitcoin #ProofofStake

#pos #bitcoin #cryptocurrencies #proofofstake
5 years ago in #cryptocurrency by
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