https://www.investinblockchain.com/cryptocurrencies-passive-income/Proof-of-Stake (PoS)
The PoS model is the alternative to the energy-intensive PoW model for mining cryptocurrencies. Instead of mining for cryptocurrencies through hardware, cryptocurrencies using PoS blockchains are created by holding cryptocurrencies in a staking wallet. In this model, the more coins you stake, the bigger the chances are that your wallet will solve the next block, consequently earning you even more coins.
https://blockgeeks.com/guides/proof-of-work-vs-proof-of-stake/What is a proof of stake?
Proof of stake is a different way to validate transactions based and achieve the distributed consensus.
It is still an algorithm, and the purpose is the same of the proof of work, but the process to reach the goal is quite different.
Proof of stake first idea was suggested on the bitcointalk forum back in 2011, but the first digital currency to use this method was Peercoin in 2012, together with ShadowCash, Nxt, BlackCoin, NuShares/NuBits, Qora and Nav Coin.
Unlike the proof-of-Work, where the algorithm rewards miners who solve mathematical problems with the goal of validating transactions and creating new blocks, with the proof of stake, the creator of a new block is chosen in a deterministic way, depending on its wealth, also defined as stake.
Not block reward.
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Eeeff will promote POS to the masses, huge ideological shake out coming to the BTC-maxi crowd / general crypto consensus, why POW (centralized tech bottleneck) when anyone with a PC/laptop/raspberryPI can stake.
4/20 Day?
