Proof of Stake (PoS)
By CoinGecko | Updated on Mar 03, 2020
Initially designed to address the massive energy consumption. Rather than requiring miners / validators to spend resources on energy computational infrastructure, Proof of Stake is a consensus algoritm elects block validators to sign blocks based on the stake weight (an aggregate of how much token was staked and the length of time staked) of each validator.
Related Terms
Seed
A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
When Moon
An expression used by investors to ask when the price of a coin would hit a peak
Arbitrage
A strategy where investors buy a currency in a market and sell it at a higher price in another market to gain profit.
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