what distributed consensus and POS is (Part 1)

in #pos6 years ago

Distributed consensus simply means a large pool of people who are geographically segregated agreeing on something. In cryptocurrencies like Bitcoin, ‘something’ here means agreeing on which transactions or blocks are valid and which are invalid to be added/rejected to the blockchain.

AND

Proof of stake is a typical computer algorithm through which some cryptocurrencies achieve their distributed consensus. It is also a better alternative to the proof of work algorithm by achieving the same distributed consensus at a lower cost and in a more energy efficient way. (For more details on POS vs POW read here)![Profitable-Proof-Of-Stake-POS-Cryptocurrencies.jpg](https://steemitimages.com/DQmV3LXbZPnRT2LYQTLR8BubqE33DGq4phgaDRcGZqRcQdt/Profitable-Proof-Of-Stake-POS-Cryptocurrencies.jpg)
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