Difference between revisions of "Proof of Stake (PoS)"
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(Created page with "A type of validation that requires members/nodes to prove ownership over a certain amount of cryptocurrency to guarantee their right to vote on transaction validation. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary") |
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A type of | A type of consensus algorithm that involves validators '''staking''' some value (often the native coin of the blockchain they're validating) to secure the blockchain network and produce new blocks. | ||
== Sources: == | == Sources: == | ||
https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary | https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary | ||
[[Category:Glossary]] | [[Category:Glossary]] | ||
Revision as of 21:06, 28 April 2022
A type of consensus algorithm that involves validators staking some value (often the native coin of the blockchain they're validating) to secure the blockchain network and produce new blocks.