consensus algorithm

What is Proof of Stake (PoS) and How Does it Work in Blockchain?

Blockchain, Crypto /

Proof of Stake (PoS) is a consensus algorithm used by some blockchain networks to validate transactions and maintain the network’s security. Unlike Proof of Work (PoW), which is used by Bitcoin and some other blockchain networks, PoS doesn’t require miners to solve complex mathematical puzzles to validate transactions. Instead, PoS validators, also known as “stakers,” …

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Proof of Work Explained: Understanding the Technology Behind Bitcoin

Blockchain, Crypto /

Proof of Work (PoW) is a consensus algorithm used in many blockchain networks, including Bitcoin. It is the mechanism that enables miners to validate transactions and create new blocks on the blockchain. In this article, we’ll dive into the details of how PoW works, its benefits, and drawbacks, and its future outlook. What is Proof …

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