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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

Halving
Event that serves to reduce in half the reward of the Proof-of-Work miners that operate in the blockchain network.
Sell wall
Anomalously large sell order(s) at a single price point that reflects as a "wall" in the order book.
Miners
Contributors to a blockchain taking part in the process of mining.
Trading Volume
The amount of the cryptocurrency that has been traded in the last 24 hours.
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