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    POS Blockchain - Mobiloitte

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    Mobiloitte Technologies
    Proof of stake(PoS) is a consensus mechanism for blockchain networks. It redefines how blockchain nodes agree on which record of crypto transactions is accurate. PoS is a set of rules or system of agreement that is used to validate cryptocurrency transactions. It requires validators to stake tokens to validate transactions.

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    POS Blockchain - Mobiloitte

    Uploaded by

    Mobiloitte Technologies
    17 views1 page
    Proof of stake(PoS) is a consensus mechanism for blockchain networks. It redefines how blockchain nodes agree on which record of crypto transactions is accurate. PoS is a set of rules or system of agreement that is used to validate cryptocurrency transactions. It requires validators to stake tokens to validate transactions.

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    Proof of stake(PoS) is a consensus mechanism for blockchain networks. It redefines how blockchain nodes agree on which record of crypto transactions is accurate. PoS is a set of rules or system of agreement that is used to validate cryptocurrency transactions. It requires validators to stake tokens to validate transactions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    17 views1 page

    POS Blockchain - Mobiloitte

    Uploaded by

    Mobiloitte Technologies
    Proof of stake(PoS) is a consensus mechanism for blockchain networks. It redefines how blockchain nodes agree on which record of crypto transactions is accurate. PoS is a set of rules or system of agreement that is used to validate cryptocurrency transactions. It requires validators to stake tokens to validate transactions.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Proof of stake(POS) Blockchain

    Proof of stake(PoS) is a consensus mechanism for Process of POS


    blockchain networks. It redefines how blockchain
    nodes agree on which record of crypto transactions • In the PoS algorithm, a set of nodes decide to
    is accurate. PoS is a set of rules or system of stake their own cryptocurrencies for the
    agreement that is used to validate cryptocurrency transaction validation. They are called ‘stakers’.
    transactions. It requires validators to stake tokens to
    validate transactions. A growing number of the most • The larger the amount of stake and the longer the
    popular cryptocurrencies use some variation of the duration of the stake, the better are the chances
    PoS protocol,these are- Comos (ATOM), Cardano of the staker to get transaction validation
    (ADA), Polkadot (DOT), Solana (SOL), Vechain responsibility.
    (VET), Tezos (XTZ).
    Examples of proof of stake(PoS)
    Features of Proof of stake(POS) Proof of stake is the latest way of solving problems.
    • Validation replaces mining However, unlike PoW(Proof of work), PoS is more
    • Low entry focused on cryptocurrency mining solutions with fast
    • Passive income speed and more security. Let’s look at some
    • Majority holders protect the system examples of cryptocurrencies that use PoS:
    • Validators take the transaction fees
    Ethereum 2.0: Proof of stake is an Ethereum
    improvement proposal(EIP). Ethereum community
    Benefits of Proof of stake(POS) initially adopted it as a way to improve the
    • One of the primary benefits of Proof of stake is as performance of the network.
    a consensus mechanism.
    Tezos: The Tezos network is a decentralized
    • It is more energy efficient because it does not blockchain with an incentive mechanism built on top
    require expending computational resources, and of it. This allows the network to reward validators
    individuals can participate in the peer-to-peer with newly created tokens for securing and
    network without the need for purchasing and maintaining the network. As more people join the
    setting up expensive powerful computers and system, their stakes are increased, incentivizing
    cooling systems. them to become active participants.

    • It makes the blockchain secure by incentivizing Cosmos: A blockchain company based in


    proper validation and disincentivizing improper Colombia,Cosmos has successfully deployed a
    ones. proof-of-stack(PoS) network for wider use than
    Bitcoin.Cosmos, a cryptocurrency that aims to
    become the world’s first and biggest proof of
    stake(PoS) cryptocurrency.

    connect@mobiloitte.com Whatsapp: +91 9999525801 www.mobiloitte.com

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