Proof of Stake (PoS)

September 27, 2018

  Just like proof of work, proof-of-stake is a mechanism designed for deciding who gets to validate the current block and achieving consensus between the network’s nodes on what data is valid. The proof-of-stake consensus mechanism was first suggested on the Bitcointalk forum in 2011. Sunny and Scott proposed the method of staking- where an algorithm would […]

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