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1  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm missing something about PoS on: January 29, 2017, 10:09:43 AM
PoS coins basically mine themselves, instead of conventional mining, it asks participants to prove ownership of their “stake,”. The more coins they can prove in their stake, the more likely they are to sign the next block. This also saves computing power , but like the blockchain, you are not likely to sign a block unless you own a tremendous amount of the coin, as opposed to hash power.
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