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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.

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Related Terms

Hashrate
Total processing power of a blockchain or what is the same, are the amount of hash values that can be made in a period of time.
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