Proof of Stake (PoS): Determine bookkeeping rights based on coin holdings/duration, no need for computing power
In the virtual currency world, Proof of Stake (PoS) emerged as a “sustainable alternative” to the energy-heavy Proof of Work (PoW). Unlike PoW, which relies on computing power competition for bookkeeping rights, PoS distributes these rights based on how many virtual coins a node holds and how long it locks them up (called “staking”). This design eliminates the need […]
 
         
				 
				 
				 
				 
				 
				