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
Hard cap
The maximum amount that an ICO will be raising.
Pump and Dump Scheme
A market manipulation method to drive up the price of an asset before profiting by driving it back down.
Wallet Address
The address in which cryptocurrency can be stored, sent to and receive.
Arbitrage
A strategy where investors buy a currency in a market and sell it at a higher price in another market to gain profit.
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