Proof-of-Stake (PoS)

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Proof-of-Stake (PoS)

What is Proof-of-Stake (PoS)

A consensus mechanism for processing transactions and adding new blocks to a blockchain in cryptocurrencies is called proof-of-stake. A consensus mechanism is a technique for ensuring the security of a distributed database and validating entries. Since the database in the case of cryptocurrencies is referred to as a blockchain, the consensus process protects the blockchain.

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