Proof of Stake (PoS)
By CoinGecko | Updated on Mar 03, 2020
Initially designed to address the massive energy consumption. Rather than requiring miners / validators to spend resources on energy computational infrastructure, Proof of Stake is a consensus algoritm elects block validators to sign blocks based on the stake weight (an aggregate of how much token was staked and the length of time staked) of each validator.
Related Terms
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Individuals who are passionate about Bitcoin, and are dedicated in spreading knowlege about Bitcoin
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The monetary domination of gas, involving Ether
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Offline storage of cryptocurrencies which is arguably safer as they also require physical access (eg. hardware wallet, paper wallets)
Soft Fork
A backward-compatible update to a decentralized blockchain protocol.
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