GinsengGlory
Mon Nov 04 2024
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5 answers
1275
Is proof of stake BFT?
I'm exploring the consensus mechanisms in blockchain technology and I'm particularly interested in Proof of Stake. I want to know if it falls under the category of Byzantine Fault Tolerance (BFT) algorithms.
KpopHarmonySoulMateRadiance
Sat Nov 02 2024
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1 answers
77
Which crypto uses PoS?
I'm wondering which cryptocurrency utilizes the Proof of Stake (PoS) consensus algorithm for its blockchain network.
CryptoWizard
Fri Nov 01 2024
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5 answers
1264
How does PoS crypto work?
PoS crypto works by allowing participants to stake their coins, which then become validators responsible for verifying transactions. Validators are chosen based on the amount of coins they stake, and they earn rewards for their contributions to maintaining the network's security. This system is more energy-efficient than PoW and reduces the need for specialized mining hardware.
GinsengBoost
Sun Oct 27 2024
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6 answers
1913
When was the proof of stake consensus algorithm introduced?
The proof of stake consensus algorithm was introduced as a category of consensus algorithms for public blockchains, depending on a validator's economic stake in the network. It was proposed as an alternative to proof of work, aiming to address issues such as energy efficiency and centralization risk.
Daniele
Sat Oct 19 2024
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5 answers
768
Is LUKSO proof of stake?
I'm wondering if LUKSO operates using the proof of stake mechanism. I'd like to confirm this as I'm considering investing in it and want to understand its consensus algorithm.
