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proof of stake (PoS)

Proof of Stake(PoS) stands for share proof and is applied in blockchains of the Ethereum platform. The PoS process is used for transaction security and determines which participant is allowed to generate the next block of a blockchain.

In the Proof of Stake, a weighting is carried out in which the participant is determined by its crypto values, for example. The advantage of the PoS method is that it works without computationally intensive mining, such as bitcoin mining. In addition, Proof of Stake participants can generate revenue through staking.

Proof of Stake is used in Ethereum 2.0, but also in other cryptocurrencies.

Informations:
Englisch: proof of stake - PoS
Updated at: 15.07.2021
#Words: 101
Links: proof, platform, process, transaction (TRX), security
Translations: DE
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