Proof of Stake (PoS)

- CoinGecko 님 | 업데이트: 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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관련 용어

Fear, uncertainty and doubt (FUD)
A strategy to dissuade people from buying a particular cryptocurrency by spreading false information
Encryption
In cryptography, encryption is a process of encoding information the original form of information called plaintext via an algorithm called cipher. The encrypted message is now called ciphertext. Only authorized parties can decipher the ciphertext and convert back it to the original plaintext.
Block Explorer
Application or websites which display information such as status of transactions or data contained in a block of a given public blockchain network.
Wallet address
The address in which cryptocurrency can be stored, sent to and receive.
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