Proof-of-Stake Technology

Proof-of-Stake (PoS) is a consensus mechanism used in blockchain networks to validate and authenticate transactions and achieve distributed consensus.

Unlike Proof-of-Work (PoW), which relies on miners solving complex mathematical puzzles to validate transactions, PoS operates by validators, or "forgers," staking their cryptocurrency as collateral to be chosen to validate blocks of transactions.

How Proof-of-Stake Works?

  • Validators: Instead of miners, PoS networks have validators who hold and "lock" a certain amount of cryptocurrency as a stake to be eligible for validating transactions and creating new blocks.
  • Selection Process: Validators are chosen to forge blocks based on various factors like the amount of cryptocurrency ....
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