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By CoinGecko | Updated on Mar 03, 2020
In contrast to mining on a Proof of Work blockchain network, Proof of Stake blockchain networks are secured by a distributed consensus of dedicated validators who have staked (locked into the network) a significant amount of token as long as the validator nodes are running. Validators are queued for block-signing based on a cambination of random selection, amount (weight) staked and length of time staked (age) and others depending on the design of the consensus algorithm.

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Related Terms

Someone who holds an enormous amount of cryptocurrency and has the ability to wave the market
Offline Staking
Staking without needing to be connected to the blockchain
A unit of measurement of the computational effort in conducting transactions or smart contracts on Ethereum blockchain.
Side Chain
A separate blockchain ledger that runs parallel with the primary blockchain.
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