dido:public:ra:xapend:xapend.a_glossary:p:proof_of_stake_pos
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dido:public:ra:xapend:xapend.a_glossary:p:proof_of_stake_pos [2020/05/06 00:06] 52.45.51.99 ↷ Links adapted because of a move operation |
dido:public:ra:xapend:xapend.a_glossary:p:proof_of_stake_pos [2021/08/18 11:02] murphy |
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| - | ======== Proof of Stake (PoS) ======== | + | ===== Proof of Stake (PoS) ===== |
| - | [[dido:public:xapend.glossary| Return to Glossary ]] | + | [[dido:public:ra:xapend:xapend.a_glossary| Return to Glossary ]] |
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| - | **Proof of Stake (PoS)** is a way of achieving consensus by distributing validation of a block of transactions based on the number of tokens held rather than by rewarding miners like [[dido:public:glossary:p:proof_of_work]]. Consequently, PoS is a way of validating a block that requires far less energy that Proof of Work (PoW). An important key aspect of PoS is including a degree of chance to the selection process to avoid a scenario where the richest users are always selected to validate transactions and consistently reap the rewards or to bias validation in their favour. | + | |
| + | **Proof of Stake (PoS)** is a way of achieving consensus by distributing [[dido:public:ra:xapend:xapend.a_glossary:v:validation|validation]] of a block of transactions based on the number of [[dido:public:ra:xapend:xapend.a_glossary:t:tokens|tokens]] held rather than by rewarding miners like [[dido:public:ra:xapend:xapend.a_glossary:p:proof_of_work]]. Consequently, PoS is a way of validating a block that requires far less energy that Proof of Work (PoW). An important key aspect of PoS is including a degree of chance to the selection process to avoid a scenario where the richest users are always selected to validate transactions and consistently reap the rewards or to bias validation in their favour. | ||
| Source: [[https://medium.com/nakamo-to/what-is-proof-of-stake-pos-479a04581f3a | What is Proof of Stake? (PoS) ]] | Source: [[https://medium.com/nakamo-to/what-is-proof-of-stake-pos-479a04581f3a | What is Proof of Stake? (PoS) ]] | ||
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dido/public/ra/xapend/xapend.a_glossary/p/proof_of_stake_pos.txt · Last modified: 2021/10/04 13:40 by 50.19.247.197
