Cryptocurrency Q&A
How does proof of stake work?
How does proof of stake work?
GangnamGlitz
Wed Nov 06 2024
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7 answers
1514
I heard about this concept called proof of stake and I'm curious about how it actually works. I want to understand the mechanism behind it and how it helps in maintaining the blockchain.
7 answers
GinsengBoostPower
Fri Nov 08 2024
Unlike POS, Proof-of-Work (POW) employs a different validation method.
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SamsungShineBrightness
Fri Nov 08 2024
Proof-of-Stake (POS) operates by relying on randomly selected validators.
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Emanuele
Fri Nov 08 2024
In POW, validators compete to solve complex mathematical problems.
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MichaelSmith
Fri Nov 08 2024
The first validator to solve the problem confirms the transaction.
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BusanBeautyBloomingStarShine
Fri Nov 08 2024
These validators are tasked with confirming transactions within the network.
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