Definition von Proof of Stake (PoS)

Proof of Stake (PoS)

Von CoinGecko | Aktualisiert am 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.

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Verwandte Begriffe

Double spending

Double spending refers to the act of spending digital currencies twice. This is most commonly applied on crypto exchanges by unscrupulous actors.

Gas limit

A term refers to the maximum amount of units of gas user's willingness to spend on a transaction on Ethereum blockchain.

Super Staker

A Qtum Core wallet (full node) providing Proof of Stake for delegated addresses, and keeping a small part of each block reward as their fee for providing the staking services.

Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (Zk-Snarks)

An acronym for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, zk-SNARKs refers to a protocol where one can prove posession of a given piece of information (eg a string or hash) without revealing that information and also without any interaction between both the prover & verifier.

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Glossar

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