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Proof of Stake (PoS)

[TOC]

Pos is a more energy-efficient consensus algorithm where validators are chosen based on the number of tokens they hold and are willing to stake as collateral. Validators create and propose new blocks, and their stake incentivizes them to act honestly.

Summary

The difficulty for a node to obtain accounting rights is inversely proportional to the stake it holds. PoS is an upgraded version of PoW, but in essence, it is still mining.

References

[1] Consensus Algorithms in Distributed System