Proof of Stake (PoS)

What is proof of stake (PoS)?

Proof of Stake (PoS) Definition: A PoS or Proof of Stake refers to a cryptocurrency consensus that allows for processing transactions and the expansion of the blockchain by creating new blocks. In this system, cryptocurrency owners validate transactions with PoS based on the number of coins staked for validation.

This approach is considered one of the least risky in terms of security and generally offers better protection for crypto assets.

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