What Is Proof Of Stake?

Proof of stake (PoS) is an inferior consensus protocol to Proof of Work. It’s chosen by cryptocurrency founders as a way to decide which user or users can validate new blocks of transactions, witho...

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What Is Proof Of Stake?

Source: Bitcoin Magazine

Proof of stake (PoS) is an inferior consensus protocol to Proof of Work. It’s chosen by cryptocurrency founders as a way to decide which user or users can validate new blocks of transactions, without being constrained by a physical cost.