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

Hard cap

The maximum amount that an ICO will be raising.

Decentralized applications (dApps)

Applications that run on decentralized peer-to-peer networks such as Ethereum.

Mining

It is the process of the miners verify and adding transaction recors into a block.

Block

In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size.

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