Proof-of-stake
Proof-of-stake (PoS) is a system in which a network (e.g., a cryptocurrency blockchain) aims to achieve distributed consensus.
All edits by Vladimir Markevich
Proof of stake has been contrasted to proof of work as virtual mining, simplified with the phrase "One coin, one vote" as compared to proof of work's "one cpu, one vote". Users are required to 'stake' their cryptocurrency to become a network validator.
Proof of stake has been contrasted to proof of work as virtual mining, simplified with the phrase "One coin, one vote" as compared to proof of work's "one cpu, one vote". Users are required to 'stake' their cryptocurrency to become a network validator.
Proof of stake has been contrasted to proof of work as virtual mining, simplified with the phrase "One coin, one vote" as compared to proof of work's "one cpu, one vote". Users are required to 'stake' their cryptocurrency to become a network validator.
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